- China Merchants Bank reported a preliminary net income increase of 1.22% for the fiscal year.
- The preliminary net income amounted to 148.39 billion yuan, surpassing the estimated 146.62 billion yuan.
- The bank’s preliminary non-performing loans ratio was reported at 0.95%, slightly higher than the estimated 0.93%.
- The coverage ratio for non-performing loans was preliminarily reported at 412%, which is below the estimated 425.3%.
- Analyst recommendations: 22 buy ratings, 1 hold rating, and 1 sell rating for China Merchants Bank.
A look at China Merchants Bank A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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, according to Smartkarma Smart Scores, shows a promising long-term outlook. With high scores in both the Value and Dividend categories, the company demonstrates strong fundamentals and a commitment to shareholder returns. Additionally, scoring well in Growth and Momentum indicates potential for future expansion and market performance. However, the lower score in Resilience suggests some vulnerability to economic downturns or market fluctuations. Nevertheless, overall, China Merchants Bank A presents a robust profile and a favorable outlook.
China Merchants Bank Co., Ltd. operates as a commercial bank, offering a wide range of financial services including deposits, loans, wealth management, and investment banking. The company serves both domestic and international markets, showcasing a diverse business portfolio. With top scores in Value and Dividend, as well as solid ratings in Growth and Momentum, China Merchants Bank A appears well-positioned for long-term success in the banking sector.
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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