China Construction Bank’s Stock Price Soars to 4.85 HKD, Witnessing a Stellar Rise of 2.75%

China Construction Bank (939)

4.85 HKD +0.13 (+2.75%) Volume: 441.58M

China Construction Bank’s stock price shows a promising performance at 4.85 HKD, with a positive trading session surge of +2.75%, backed by a robust trading volume of 441.58M. Demonstrating steady growth, the bank’s stock price also witnessed a year-to-date increase of +4.09%.

Latest developments on China Construction Bank

Notable fluctuations in China Construction Bank Co. (OTCMKTS:CICHF) H stock prices today can be attributed to a surge in short interest by 9.3% throughout March. This significant increase in short interest, a key indicator of market sentiment, has evidently impacted the financial trajectory of China Construction Bank, one of China’s leading banking institutions.

China Construction Bank on Smartkarma

According to Daniel Tabbush, a top independent analyst on Smartkarma, China Construction Bank H will be listing its subsidiary, China Housing Rental. However, this may not have a significant impact on the bank’s overall credit metrics, which are currently weak. Tabbush highlights that the proceeds from the listing may be overshadowed by the bank’s high number of non-performing loans (NPLs), which have increased significantly in recent years.

Despite reporting lower credit costs, China Construction Bank H‘s NPL distribution has weakened, with loss NPLs increasing by 2.5 times from FY19 to 1H23. This is a much higher increase compared to the bank’s total NPLs, which have only risen by 1.5 times. As a result, Tabbush suggests that the bank’s declining and low credit costs may not last. This information comes from Tabbush’s research report titled “CCB- Housing Rental Subsidiary Listing May Be Overshadowed By Weak Credit Metrics” on Smartkarma, a leading independent investment research network.

A look at China Construction Bank Smart Scores

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 Construction Bank H has a promising long-term outlook, according to the Smartkarma Smart Scores. With a high score of 5 for both dividend and momentum, the company is expected to provide stable returns to its shareholders and maintain a strong performance in the market. Additionally, with a score of 4 for value and growth, China Construction Bank H is considered to be undervalued and has potential for future growth.

China Construction Bank H is a leading commercial bank that offers a wide range of products and services to both individuals and corporate customers. The company has three main business segments, including corporate banking, personal banking, and treasury operations. It also specializes in infrastructure loans, residential mortgages, and bank cards. With an overall positive outlook and strong scores in key areas such as dividend, value, and growth, China Construction Bank H is positioned for long-term success in the banking industry.

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