Can look at this company for investment. Strong fundamental
with 5.6% Dividend, dividend growth 13%. PE ratio 4.8x
Bank of Communications Co., Ltd. provides various
commercial and retail banking products and services in the People’s Republic of
China. The company’s personal banking products and services include time
deposits, education savings, current deposits, personal call deposits,
integrated current and time deposits, hypothecated loans, and local and foreign
currency time deposits; credit, quasi-credit, and debit cards; housing,
vehicle, and shop loans; and wealth management services. Its corporate banking
products and services comprise corporate time, corporate current, and
contracted deposits; transfer of receivables, account overdrafts, bill
discounts, re-lending of foreign government loans, re-purchase of inter-bank
credit assets, and buy-out of inter-bank credit assets; online tax payment,
agent salary payment, agent collection and payment, and transfer settlement;
corporate cash management, wealth management, entrusted loans, and agent
settlement for bonds; and agent transfer of various government-approved
payments and investment banking services. The company’s international banking services
include foreign exchange wealth management, import and export document
settlement, trade finance, offshore banking, and remittance and bill services.
It also provides treasury, asset management, trustee, insurance, finance lease,
and other financial services. It operates approximately 182 branches and 2,701
banking outlets in 202 cities and 144 counties; and 12 international branches
in Hong Kong, New York, San Francisco, Tokyo, Singapore, Seoul, Frankfurt,
Sydney, Macau, and Ho Chi Minh City, as well as a representative office in
Taipei. Bank of Communications Co., Ltd. was founded in 1908 and is
headquartered in Shanghai, the People’s Republic of China.
Timing: Currently
BankComm price is close to the Long term supporting trendline. In the last few
year there is a few time this stock fall badly and latter bounce off touching
this trend line. During the recovery in 2009 this stock move up to $9, we see
this as an upside potential for long term investing if China Market were to
recover. Stoploss can be place below the $5 support if you are "trading" this counter.
Key Statistics for 3328
| Current P/E Ratio (ttm) | 4.7696 |
|---|---|
| Estimated P/E(12/2013) | 5.1897 |
| Relative P/E vs. HSI | 0.4550 |
| Earnings Per Share (CNY) (ttm) | 0.8890 |
| Est. EPS (CNY) (12/2013) | 0.8170 |
| Est. PEG Ratio | 1.1795 |
| Market Cap (M HKD) | 385,852.75 |
| Shares Outstanding (M) | 35,011.86 |
| 30 Day Average Volume | 26,021,530 |
| Price/Book (mrq) | 0.8148 |
| Price/Sale (ttm) | 1.0069 |
| Dividend Indicated Gross Yield | 5.65% |
| Cash Dividend (CNY) | 0.2160 |
| Last Dividend | 06/28/2013 |
| 5 Year Dividend Growth | 13.27% |
| Next Earnings Announcement | 08/21/2013 |
Trading Info On HKSE: http://www.andy-yew.com/2013/08/trading-hong-kong-share-with-poems.html
