Previous Close | 10.23 |
Open | 10.60 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 10.30 - 10.60 |
52 Week Range | 7.93 - 10.84 |
Volume | |
Avg. Volume | 31,290 |
Market Cap | 197.15B |
Beta (5Y Monthly) | 0.33 |
PE Ratio (TTM) | 4.22 |
EPS (TTM) | 2.46 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.77 (7.41%) |
Ex-Dividend Date | Jul 07, 2023 |
1y Target Est | N/A |
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Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.
As Asian equities experience a surge, with Hong Kong's Hang Seng Index notably up led by the tech sector, investors are keeping a keen eye on global economic indicators and central bank policies. Amidst these market conditions, dividend stocks in Hong Kong emerge as potential candidates for those seeking income-generating investments that may offer stability in a landscape of fluctuating monetary policies and inflation expectations.
China's biggest state-owned banks, mired in bad property loans, now face further downward pressure on profit as they prepare to respond to Beijing's call to cut mortgage rates and revive the country's faltering property market. Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC) cut their deposit rates by between five and 25 basis points, according to their websites. China Construction Bank (CCB), the world's third-largest bank by assets, said on Thursday that it