1288.HK - Agricultural Bank of China Limited

HKSE - HKSE Delayed Price. Currency in HKD
3.260
+0.030 (+0.93%)
At close: 4:08PM HKT
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Previous Close3.230
Open3.250
Bid3.250 x 0
Ask3.260 x 0
Day's Range3.210 - 3.270
52 Week Range2.930 - 3.880
Volume58,528,143
Avg. Volume81,577,219
Market Cap1.385T
Beta (5Y Monthly)1.21
PE Ratio (TTM)4.85
EPS (TTM)0.672
Earnings DateN/A
Forward Dividend & Yield0.20 (5.96%)
Ex-Dividend DateJun 11, 2019
1y Target Est4.72
  • Simply Wall St.

    Imagine Owning Agricultural Bank of China (HKG:1288) And Wondering If The 10% Share Price Slide Is Justified

    For many, the main point of investing is to generate higher returns than the overall market. But even the best stock...

  • Reuters

    UPDATE 2-China cbank warns high financial risks amid rising economic headwinds

    China needs to resolve outstanding financial risks, and must counter risks from "abnormal" market fluctuations that stem from external shocks, said the central bank on Monday, as Beijing prioritises financial stability amid increasing challenges. Financial markets are highly sensitive to global trade situations and rising uncertainties in global liquidity, said the People's Bank of China (PBOC) in its annual financial stability report, adding that it will step up real-time supervision on stock, bond, foreign exchange markets to prevent cross-sector risk contamination. Beijing has stepped up daily supervisions and assessment on potential "black swan" and "grey rhino" events that may occur in the future and has prepared contingency plans, as downward pressure on the economy rises, said the PBOC.

  • South China Morning Post

    Good times may soon be over for China's banks as interest margins are squeezed in the fourth quarter by rising competition for deposits

    China's state-owned banks, which survived the US-China trade war with their asset quality and profitability unscathed, may see their interest margins coming under pressure in the fourth quarter as competition intensifies for deposits.The overall non-performing loans (NPL) ratio in China's banking industry improved by between 1 and 2 basis points in the third quarter. This came at the expense of net interest margins (NIM), especially among the four largest state-run lenders " Industrial & Commercial Bank of China (ICBC), Bank of China, Agricultural Bank of China and China Construction Bank " which fell by about 1 basis point in the third quarter from the previous three months, according to government data."While management at Chinese banks are confident that their asset quality will continue to improve, the pressure on NIM will continue, as the competition for deposit will extend into the fourth quarter," said CIMB International Securities' banking analyst Terry Sun.The squeeze on profitability underscores how China's financial industry is grappling with survival after more than 12 months of a bruising trade war with the United States, amid slowing demand for loans and investments in the local economy's slowest quarterly growth pace in decades.The banks' margins are squeezed by higher returns that they must pay to depositors to attract their funds " the banks' cost " and the interest rate they can charge to lend money to borrowers.The difference between the cost and the revenue, known as the interest rate spread, has been the biggest source of profitability for China's state-owned banks, in an industry where the financial authorities keep a tight grip on the interest rates for deposits and loans.On one hand, Chinese banks have had to offer higher rates on their deposits and investment products to compete for customers, adding to costs for the banks.The expected yield for structured deposits " an investment-linked financial product whose returns are tied to the performance of a stock index, foreign exchange or interest rates " was 3.9 per cent per annum in September, almost double the one-year savings rate at 2 per cent. And the issuance of thee hybrid investment-deposit products will only continue with ever-higher costs to the banks, analysts said.On the other hand, banks have seen their loans rates cut, after the central bank loosened its grip on lending rates by switching to a loan prime rate (LPR) regime. The one-year LPR was cut twice by a combined 11 basis points in August and September, while the five-year LPR " the benchmark used for residential mortgage loans " was left unchanged.That would benefit China Construction Bank the most, as its sizeable mortgage loans book at 5.06 trillion yuan puts it in the best position to gain from the higher lending rate, said Sun.Still, the net interest margin among Chinese banks, at close to 2 per cent, compares favourably with Japanese banks at less than 1 per cent and with European lenders at between 1 and 2 per cent, said Societe General, in a report last week. Investors' concerns on the profitability and growth of Chinese banks may have been "overdone," the bank said, recommending investors to go "long" on the industry.The financial picture among banks had been rosy thus far, with the industry's overall profitability inching up during the third quarter, compared with the preceding three months. Overall third-quarter net profit growth rose 7.5 per cent, 20 basis points higher than the three months ended June, in line with analysts' expectations.Agricultural Bank reported the fastest profit growth among the so-called Big Four, with third-quarter net profit rising 5.8 per cent to 59 billion yuan, even though revenue was little changed at 151.8 billion yuan (US$21.6 billion). For the first nine months, the net income of Beijing-based Agricultural Bank rose 5.2 per cent to 180.3 billion yuan, from the same period last year.Bank of China, which traces its root to 1912, had the lowest profit growth rate among the four, with third-quarter net income growing 3 per cent to 45.53 billion yuan, while its nine-month net profit was up 4.1 per cent to 159.6 billion yuan."Cross-border banking business accounted for less than 10 per cent of the Chinese banks' assets, [which helped] cushion Chinese banks from the impact of US-China trade tensions," Sun said. "The exception is Bank of China, whereby overseas assets account for 25 per cent" of its total assets, he said.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • Is Agricultural Bank of China Limited (HKG:1288) Potentially Undervalued?
    Simply Wall St.

    Is Agricultural Bank of China Limited (HKG:1288) Potentially Undervalued?

    Agricultural Bank of China Limited (HKG:1288) maintained its current share price over the past couple of month on the...

  • Read This Before You Buy Agricultural Bank of China Limited (HKG:1288) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy Agricultural Bank of China Limited (HKG:1288) Because Of Its P/E Ratio

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...

  • Reuters

    China Big Five banks post modest profit growth amid loan push

    BEIJING/SINGAPORE (Reuters) - China's five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown. Net profits at the country's so-called Big Five banks, led by Industrial and Commercial Bank of China Ltd (ICBC), grew by more than 4 percent in the January-March quarter from a year earlier. The gain comes on the heels of disappointing 2018 fourth quarter when four of the five turned in their weakest profit growth in more than two years as business activity slowed and they sharply increased provisions for bad loans.

  • Four’s the Magic Number for China’s Banks
    Bloomberg

    Four’s the Magic Number for China’s Banks

    On Monday, Industrial & Commercial Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp. and Bank of Communications Co. posted higher net income. Including Agricultural Bank of China Ltd., which reported last week, rises at the big five clustered in a range from 4.1 percent to 4.9 percent. At the same time as profit climbed, nonperforming loans as a ratio of total lending dropped – though overall levels of bad debt increased.

  • Investing.com

    China’s Four Largest Banks’ Bad Loans Hit Multi-Year Highs

    Investing.com - Bad loans at China's four largest lenders grew at the fastest pace since 2017 in the first quarter, Bloomberg reported citing financial statements.

  • Reuters

    China's big banks post modest first-quarter profit growth

    BEIJING/SINGAPORE(Reuters) - China's five largest state-owned banks posted modest first-quarter profit growth, though slightly below expectations, as policymakers pushed lenders to make more loans to support the slowing economy. Net profits at the country's so-called Big Five banks, led by Industrial and Commercial Bank of China Ltd (ICBC), grew by more than 4 percent in the January-March quarter from a year earlier. The gain comes on the heels of disappointing 2018 fourth-quarter results that saw four of the five lenders posting their weakest quarterly profit growth in more than two years as business activity slowed and they sharply increased provisions for bad loans.

  • Reuters

    China's AgBank Q1 profit rises 4.3 pct, misses estimates

    * AgBank Q1 net profit up 4.3 pct on-year, below estimates * Non-performing loan ratio 1.53 pct end-March vs 1.59 pct end-Dec (Adds milestone, bullet points) SINGAPORE/BEIJING, April 26 (Reuters) - Agricultural ...

  • Reuters

    China's AgBank posts 4.3 pct rise in Q1 profit, misses estimates

    SINGAPORE/BEIJING, April 26 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country's third-largest lender by assets, reported on Friday a 4.3 percent rise in first-quarter net profit, missing ...

  • Reuters

    BRIEF-Shanghai Jinjiang International Travel Sells 14.87 Mln A-Shares In Agricultural Bank Of China

    April 25 (Reuters) - Shanghai Jinjiang International Travel Co Ltd: * SAYS IT HAS SOLD ITS ENTIRE 14.87 MILLION A-SHARES IN AGRICULTURAL BANK OF CHINA BETWEEN APRIL 19 AND APRIL 24 Source text in Chinese: ...

  • Reuters

    BRIEF-Agricultural Bank Of China Approved Appointment Of Cai Dong, Cui Yong As Executive Vice Presidents

    April 11 (Reuters) - Agricultural Bank Of China Ltd : * APPROVED APPOINTMENT OF CAI DONG AS AN EXECUTIVE VICE PRESIDENT OF BANK * RESOLVED TO APPOINT CUI YONG AS AN EXECUTIVE VICE PRESIDENT OF BANK * BOARD ...

  • Should Agricultural Bank of China Limited (HKG:1288) Be Part Of Your Dividend Portfolio?
    Simply Wall St.

    Should Agricultural Bank of China Limited (HKG:1288) Be Part Of Your Dividend Portfolio?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over tim...

  • Reuters

    China's AgBank posts first quarterly profit decline since 2015

    * AgBank's Q4 net profit down 5.4 pct, below estimates * NPL 1.59 pct at end-Dec vs 1.6 pct end-Sept * Net interest margin at 2.33 pct vs 2.35 pct end-June (Adds milestone, earnings details) BEIJING/HONG ...

  • Reuters

    China's AgBank Q4 profit falls 5.4 pct

    BEIJING/HONG KONG, March 29 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country's third-largest lender by assets, reported on Friday a 5.4 percent drop in fourth-quarter net profit. AgBank's ...

  • What Kind Of Shareholders Own Agricultural Bank of China Limited (HKG:1288)?
    Simply Wall St.

    What Kind Of Shareholders Own Agricultural Bank of China Limited (HKG:1288)?

    If you want to know who really controls Agricultural Bank of China Limited (HKG:1288), then you'll have to look at the makeup of its share registry. Institutions will often holdRead More...

  • Should You Investigate Agricultural Bank of China Limited (HKG:1288) At HK$3.69?
    Simply Wall St.

    Should You Investigate Agricultural Bank of China Limited (HKG:1288) At HK$3.69?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $60 prize! Today we're going to take a look at the well-established Read More...