|Bid||3.610 x 0|
|Ask||3.620 x 0|
|Day's Range||3.580 - 3.630|
|52 Week Range||3.080 - 3.800|
|PE Ratio (TTM)||5.91|
|Dividend & Yield||0.02 (5.42%)|
|1y Target Est||4.19|
Myanmar's government praised China on Wednesday for suspending a Chinese bank account used by ethnic rebels fighting Myanmar troops, in a move to prevent potential damage to diplomatic ties. Reuters has revealed that an ethnic rebel armed group fighting Myanmar forces near the Chinese border had been openly soliciting funds via China's giant state-owned lender Agricultural Bank Of China (AgBank). Myanmar's peace process - started under the previous semi-civilian administration - has lost momentum after Nobel Peace Prize winner Aung San Suu Kyi came to power in 2016, with some of the militias accusing her of a one-sided approach and refusing to join a major peace conference.
One of China's biggest state-owned lenders has suspended an account used to fund ethnic rebels fighting government troops in Myanmar, halting an arrangement that could have stoked diplomatic tensions between Beijing and Myanmar. The Myanmar National Democratic Alliance Army (MNDAA), which clashed with government forces this month, said Agricultural Bank Of China (AgBank) was no longer accepting funds into an account it used to receive donations from supporters. Reuters was unable to confirm what prompted AgBank's move.
Record financing data and earnings optimism are helping send shares of Chinese lenders soaring, with options traders paying up to position for further gains.