- Minsheng Bank’s net income for the fiscal year beat the estimates, coming in at 35.82 billion yuan versus the estimated 31.94 billion yuan.
- The bank reported a slight increase in net income of +1.57%.
- Net interest income for the year stood at a substantial 102.43 billion yuan.
- The bank managed to keep its non-performing loans ratio low at 1.48%.
- Net fee and commission income brought in 19.24 billion yuan.
- A final dividend per share of 21.6 RMB cents was announced.
- The net interest margin was slightly higher than estimated, at 1.46% compared to the estimated 1.44%.
- Analysts’ opinions are divided on the bank’s performance with 6 buys, 6 holds and 3 sells.
A look at China Minsheng Banking A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| 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
China Minsheng Banking A, a leading commercial bank, has been utilizing the Smartkarma Smart Scores to assess its long-term outlook. The Smart Scores, which range from 1 to 5, provide an overall indication of the company’s performance in various factors. For China Minsheng Banking A, the scores are impressive, with a perfect 5 in both value and dividend categories. This indicates that the company is financially sound and offers attractive dividends to its shareholders.
The company also scored a respectable 3 in growth, indicating its potential for future expansion and profitability. However, it received a lower score of 2 in resilience, suggesting that it may face some challenges in the face of economic downturns. Nonetheless, China Minsheng Banking A scored a perfect 5 in momentum, indicating a positive trend in its stock performance.
China Minsheng Banking A operates in various commercial banking businesses, providing a wide range of financial services such as deposits, loans, and trading. The company is also involved in underwriting government bonds and issuing financial bonds. With its strong performance in the Smart Scores, China Minsheng Banking A is well-positioned for long-term success in the competitive banking industry.
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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