- Pudong Bank’s preliminary net income for the fiscal year missed estimates.
- The bank reported a preliminary net income of 36.7 billion yuan, falling short of the estimated 37.55 billion yuan.
- There was a significant decrease in preliminary net income, down by 28.3%.
- The bank’s preliminary non-performing loans ratio stood at 1.48%, which is lower than the estimated 1.53%.
- The preliminary earnings per share (EPS) was reported to be 99 RMB cents.
- Out of 11 ratings, the bank received 7 buys, 1 hold, and 3 sells.
A look at Shanghai Pudong Development Bank Co. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Shanghai Pudong Development Bank Co., Ltd. is a banking company that offers various financial services such as loans, deposits, and foreign exchange. The company has received high scores in both value and dividend, indicating a strong financial standing and potential for good returns for investors. Additionally, its momentum score of 4 suggests positive growth in the future. However, the company’s resilience score of 2 is lower, which may indicate some potential risks or challenges ahead. Overall, with a score of 3 for growth, Shanghai Pudong Development Bank Co. shows promising long-term prospects.
Based on its strong performance in value and dividend, Shanghai Pudong Development Bank Co. is in a solid position to provide stable and profitable returns for its investors. With a score of 5 for both value and dividend, the company demonstrates a commitment to financial strength and rewarding its shareholders. Its momentum score of 4 also shows positive signs for future growth. However, the company’s resilience score of 2 suggests some potential risks to be aware of. Overall, Shanghai Pudong Development Bank Co. has a positive outlook for the long-term future.
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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