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1 Comment
Bank of Ningbo Co., Ltd is currently in a long term downtrend where the price is trading 1.6% below its 200 day moving average.
From a valuation standpoint, the stock is 21.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 6.0.
Bank of Ningbo Co., Ltd's total revenue rose by 8.0% to $10B since the same quarter in the previous year.
Its net income has increased by 14.2% to $3B since the same quarter in the previous year.
Finally, its free cash flow fell by 516.8% to $-61B since the same quarter in the previous year.
Based on the above factors, Bank of Ningbo Co., Ltd gets an overall score of 3/5.
| Exchange | SHE |
|---|---|
| CurrencyCode | CNY |
| ISIN | CNE1000005P7 |
| Sector | Financial Services |
| Industry | Banks - Regional |
| PE Ratio | 6.26 |
|---|---|
| Target Price | 30.9988 |
| Dividend Yield | 2.5% |
| Market Cap | 163B |
| Beta | 0.9 |
Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the People's Republic of China. The company operates through four segments: Corporate Business, Personal Business, Capital Business, and Other Business. It offers deposits; short-term, medium-term, and long-term loans; bank cards; domestic and international settlement services; bill discounting services; issues financial bonds; acting as an agent for the issuance, redemption, and underwriting of government bonds; buying and selling government bonds; acts as an underwriter of government bonds; inter-bank lending and borrowing services; payment/collection and insurance agency services; and foreign currency guarantees, as well as other banking services. The company also provides safe deposit box; foreign currency deposit, loans, and remittance; foreign exchange settlement and sale; and foreign currency exchange services. It operates capital operation center located in Shanghai, as well as branches located in the cities of Ningbo and Zhejiang province; Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing, Lishui, Huzhou, Quzhou, and Zhoushan. The company was formerly known as Ningbo Commercial Bank Co., Ltd. and changed its name to Bank of Ningbo Co., Ltd. in February 2007. Bank of Ningbo Co., Ltd. was founded in 1997 and is headquartered in Ningbo, the People's Republic of China.
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