- China Merchants Bank’s net income for the fiscal year was 148.39 billion yuan, closely aligning with the estimated 147.35 billion yuan.
- Net interest income slightly missed expectations, reaching 211.28 billion yuan against an estimate of 211.96 billion yuan.
- The bank maintained a non-performing loans ratio at 0.95%, slightly higher than the estimated 0.94%.
- A final dividend of 2.000 yuan per share was declared.
- The coverage ratio for non-performing loans stood at 412%, slightly below the estimated 421.4%.
- Net interest margin was on target at 1.98%.
- The amount of non-performing loans was 65.61 billion yuan, marginally above the estimate of 64.83 billion yuan.
- The core tier 1 capital ratio exceeded expectations at 14.9%, against an estimate of 14.1%.
- Tier 1 capital ratio was strong at 17.5%, surpassing the estimated 16.5%.
- The capital adequacy ratio of 19.1% outperformed the estimated 18.3%.
- Net income saw a year-on-year increase of 1.22%.
- Analyst recommendations include 21 buys, 2 holds, and 1 sell.
A look at China Merchants Bank A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Merchants Bank A, a commercial bank that offers a wide range of banking services including deposits, loans, wealth management, and investment banking, has received impressive Smart Scores across various factors. With a top score of 5 in both the Value and Dividend categories, the company demonstrates solid financial health and a commitment to rewarding shareholders. Additionally, scoring a 4 in Growth and a perfect 5 in Momentum, China Merchants Bank A shows promising potential for future expansion and a strong upward trend in the market.
While the company excels in areas such as Value, Dividend, Growth, and Momentum, its Smart Score of 2 in Resilience indicates a moderate level of vulnerability to economic downturns or market fluctuations. Investors may want to keep an eye on how China Merchants Bank A navigates challenges to ensure sustainable long-term performance. Overall, with its strong scores in key areas, China Merchants Bank A presents an optimistic long-term outlook with the potential for continued growth and profitability.
### Summary: China Merchants Bank Co., Ltd. operates as a commercial bank, providing a variety of banking services domestically and internationally, including deposits, loans, wealth management, and investment banking. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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