Long-Short Pair Trade: ICBC - Bank of Nanjing
We advocate a Long-Short trade over a 12 month horizon in ICBC (H) (1398 HK) versus Bank Of Nanjing Co Ltd A (601009 CH) . Our conviction is that...
409 Views
China Banks: Income Opportunities Compensate for Balance Sheet Risks.
Chinese banks are not excessively valued on a P/Book, PER, Franchise Valuation, and Dividend Yield basis. One can pick up shares in the low-risk...
469 Views
China Everbright Bank: Life Can Never Give Security; It Can Only Promise Opportunity.
In terms of fundamental progression and valuation, China Everbright Bank Co A (601818 CH) shines. At Q219, the bank reported benign trends,...
413 Views
Bank of Hangzhou: The Tide Must Reach Its Lowest Before It Turns
While Bank of Hangzhou Co Ltd (600926 CH) may tick the boxes for fundamental progression and valuation, we remain on the sidelines.The bank does...
451 Views
China Banks – Base Effect of Low NPL Ratios
Of China’s listed banks there are only just five that have an NPL ratio at less than 1% as at YE18. For three of these banks, our vendor does not...
496 Views