|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||25.89 - 26.08|
|52 Week Range||17.05 - 26.41|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||11.00|
|Forward Dividend & Yield||0.65 (2.64%)|
|1y Target Est||N/A|
April 19 (Reuters) - China Merchants Bank Co Ltd : * SAYS IT GETS BANKING AND INSURANCE REGULATOR'S APPROVAL TO SET UP WEALTH MANAGEMENT FIRM Source text in Chinese: http://bit.ly/2VfgFUQ Further company ...
After snapping up Ping An Bank Co., traders have turned their attention to its larger rival China Merchants Bank Co. The Hong Kong shares jumped 15 percent in nine days through Monday to an all-time high, the longest winning streak since 2007. The Shenzhen-based firm focuses on retail banking in China, a business that’s more profitable and less capital-intensive than lending to corporates. China Merchants Bank stands out as it already has a strong capital position and has no urgent need for equity financing, according to Shujin Chen, chief financial analyst at Huatai Securities Co. in Hong Kong.
Moody's Investors Service has assigned a Ba1(hyb) rating to CMB Wing Lung Bank Limited's proposed USD-denominated, perpetual, non-cumulative and subordinated AT1 securities with contractual point of non-viability loss absorption features.
Moody's Investors Service has assigned a Baa1 long-term issuer rating and a Prime-2 short-term issuer rating to CMB International Capital Corporation Limited (CMB International). The outlook is stable.
Moody's Investors Service has upgraded the long-term issuer rating of CMB Financial Leasing Co., Ltd. (CMB Financial Leasing) to A3 from Baa1, and has affirmed its short-term issuer rating at P-2. Moody's has also withdrawn the outlooks on the issuer and instrument ratings of CMB Financial Leasing and its subsidiary for business reasons.