|Day's Range||5.010 - 5.070|
|52 Week Range||4.690 - 5.500|
|PE Ratio (TTM)||5.31|
|Dividend & Yield||0.03 (5.13%)|
|1y Target Est||5.30|
Call it the short-seller defense package.
China Citic Bank has lagged the gains made by the Middle Kingdom’s big four bank stocks for good reasons: too many dodgy loans and a squeeze on margins. China Citic Bank (998.HK) is up 1% this year compared to the average 10% advance made by the big four lenders, but investors shouldn’t be enticed by what seems to be a low valuation. The stock may look cheap compared to other Chinese lenders at five times forward earnings and 0.6 times book value, but its valuation is rich for a bank that faces greater pressure than its rivals in asset quality and credit costs, argues Bernstein analyst Wei Hou.
CTBC Financial Holdings , parent of Taiwan's top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have canceled investments in each other amid fresh cross-strait political tensions. ...