- Citic Bank’s net interest income for the fiscal year was 143.54 billion yuan, falling short of the estimated 146.87 billion yuan.
- The bank reported a net income of 67.02 billion yuan.
- There was a 7.91% increase in net income compared to the previous year.
- The non-performing loans ratio stood at 1.18%, which was on par with the estimated 1.18%.
- A final dividend per share of 35.6 RMB cents was announced.
- The bank received 12 buy recommendations, 3 hold recommendations, and 0 sell recommendations.
A look at China Citic Bank Corp Ltd H 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 Citic Bank Corp Ltd H, a leading banking service provider, has received an overall positive outlook according to the Smartkarma Smart Scores. With a score of 5 for both Value and Dividend, the company is deemed to have strong financial standing and attractive dividend payouts for investors. Additionally, with a Growth score of 4, the company is expected to have steady growth in the long-term. However, the company received a lower score of 2 for Resilience, indicating potential vulnerability to market fluctuations and economic challenges. Nonetheless, with a score of 5 for Momentum, China Citic Bank Corp Ltd H is expected to maintain its current positive trend in the future.
China Citic Bank Corp Ltd H offers a range of banking services including deposits, loans, currency trading, and more, catering to individuals, enterprises, and other clients. The company has received an overall positive outlook from the Smartkarma Smart Scores, with high scores in Value, Dividend, and Momentum. However, the company’s Resilience score of 2 suggests potential risks in the long-term. Nonetheless, with a Growth score of 4, China Citic Bank Corp Ltd H is expected to continue its steady growth in the future, making it a promising investment opportunity for investors.
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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