- Ping An Bank experienced a slight increase in net income, reporting 14.93 billion yuan in their 1Q report, which is 2.3% higher than the previous year.
- Despite the rise in net income, there was a significant drop in the bank’s net interest income, falling 22% year on year down to 25.16 billion yuan.
- The bank also reported a low non-performing loans ratio of only 1.07%, indicating a potentially lower credit risk.
- Earnings Per Share (EPS) increased marginally from 65 RMB cents y/y to 66 RMB cents.
- The net interest margin of the bank has fallen from 2.63% to 2.01% y/y implying a decrease in the bank’s profitability or return on investments.
- Another area that has witnessed a drop is the Net Fee & Commission income which came in at 7.18 billion yuan, reflecting a 19% decrease year on year.
- In terms of analysts’ recommendations, Ping An Bank has 30 buys, 5 holds, and 1 sell.
Ping An Bank Co Ltd A on Smartkarma
Analysts on Smartkarma are closely following the developments of Ping An Bank Co Ltd A. Travis Lundy‘s recent report, “Mainland Connect NORTHBOUND Flows (To 17 Nov 23): Net Sales Again, Dominated by Financials,” sheds light on the current sentiments. The report indicates that Mainland Connect flows were negative, with financials being prominent net sells. It highlights the ongoing trend of net sales dominating the market, particularly in the financial sector. Lundy’s analysis provides a valuable insight into the market dynamics surrounding Ping An Bank Co Ltd A.
A look at Ping An Bank Co Ltd A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| 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
Based on the Smartkarma Smart Scores, Ping An Bank Co Ltd A has a positive long-term outlook with high scores in Value, Dividend, Growth, and Momentum. The company’s strong value score indicates a favorable position in terms of its market value compared to its fundamentals. Additionally, its above-average scores in Dividend and Growth suggest promising returns and potential for expansion in the future. The high Momentum score reflects the company’s ability to maintain positive trends in the market.
Ping An Bank Co Ltd A provides a full range of commercial banking services, including deposit, loan, settlement, currency trading, and other related services in both domestic and international markets. Despite a lower score in Resilience, the overall Smartkarma Smart Scores point towards a robust performance outlook for Ping An Bank Co Ltd A in the long term.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
