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1 Comment
Bank of Shanghai Co., Ltd is currently in a long term downtrend where the price is trading 5.5% below its 200 day moving average.
From a valuation standpoint, the stock is 66.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.6.
Bank of Shanghai Co., Ltd's total revenue sank by 4.8% to $12B since the same quarter in the previous year.
Its net income has dropped by 30.6% to $4B since the same quarter in the previous year.
Finally, its free cash flow grew by 11.1% to $-57B since the same quarter in the previous year.
Based on the above factors, Bank of Shanghai Co., Ltd gets an overall score of 2/5.
| Exchange | SHG |
|---|---|
| CurrencyCode | CNY |
| ISIN | CNE100002FM5 |
| Industry | Banks - Regional |
| Sector | Financial Services |
| PE Ratio | 7.26 |
|---|---|
| Beta | 0.21 |
| Target Price | 7.9 |
| Market Cap | 150B |
| Dividend Yield | None |
Bank of Shanghai Co., Ltd. provides various personal and corporate banking products and services primarily in Mainland China. It operates through Wholesale Financial Business, Retail Financial Business, and Other Business segments. It offers public deposits; short-term, medium-term, and long-term loans; domestic and overseas settlement; notes acceptance and discount; government bonds and financial bonds trading; placements with banks and other financial institutions; fund raising and distribution, and asset management; bank card services; and letter of credit and guarantee services, as well as act as an agent of foreign exchange trading. The company is also involved in issuing financial bonds, and agency service of government bonds and underwriters, as well as agency receipts and payments, and insurance businesses. In addition, it offers mobile and online banking, cash management, investment banking, asset custody, interbank borrowing, repurchase transactions, equity investment, wealth management, remittance services, securities agency, trade financing, and pension finance services. The company was formerly known as Shanghai City United Bank Ltd. and changed its name to Bank of Shanghai Co., Ltd. in July 1998. Bank of Shanghai Co., Ltd. was founded in 1995 and is headquartered in Shanghai, China.
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