ACGBY - Agricultural Bank of China Limited

Other OTC - Other OTC Delayed Price. Currency in USD
10.43
+0.06 (+0.58%)
At close: 3:46PM EST
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Previous Close10.37
Open10.50
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.39 - 10.50
52 Week Range9.21 - 12.35
Volume11,505
Avg. Volume6,783
Market Cap180.007B
Beta (5Y Monthly)1.21
PE Ratio (TTM)4.58
EPS (TTM)2.28
Earnings DateN/A
Forward Dividend & Yield0.65 (6.23%)
Ex-Dividend DateJun 08, 2019
1y Target EstN/A
  • 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.

  • Moody's

    ABC International Holdings Limited -- Moody's assigns first-time A2/P-1 ratings to ABC International; outlook stable

    Moody's Investors Service ("Moody's") has assigned an A2 long-term issuer rating and Prime-1 short-term issuer rating to ABC International Holdings Limited (ABCI). This is the first time that Moody's has assigned ratings to ABCI.

  • 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...

  • Moody's

    Russian Agricultural Bank -- Moody's announces completion of a periodic review of ratings of Russian Agricultural Bank

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Russian Agricultural Bank and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Moody's

    Agricultural Bank of China Ltd, Singapore Br. -- Moody's assigns A1 rating to Agricultural Bank of China, Singapore Branch's senior unsecured floating rate notes; outlook stable

    Moody's Investors Service has assigned (P)A1/(P)P-1 local and foreign currency senior unsecured medium-term note (MTN) programme ratings to Agricultural Bank of China Limited (ABC), Singapore Branch. At the same time, Moody's has assigned an A1 rating to the proposed US-dollar denominated floating rate senior unsecured notes to be issued by ABC, Singapore Branch. The outlooks on the notes' rating and ABC, Singapore Branch are stable.

  • 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...

  • Moody's

    Agricultural Bank of China Limited, NY Branch -- Moody's announces completion of a periodic review of ratings of Agricultural Bank of China Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Agricultural Bank of China Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • 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 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: ...

  • 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 ...

  • 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...

  • Risk Switch Just Flipped to `On' in China Stocks
    Bloomberg

    Risk Switch Just Flipped to `On' in China Stocks

    A shift was inevitable, with the stock market still flagging after sinking into a bear market last year. Yi Huiman, chairman of Industrial and Commercial Bank of China Ltd., will succeed Liu Shiyu as chairman of the China Securities Regulatory Commission, the state-run Xinhua News Agency announced Saturday, confirming an earlier report by Bloomberg News. No CSRC chairman has lasted more than three years.