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1 Comment
Harbin Bank Co., Ltd is currently in a long term downtrend where the price is trading 4.5% below its 200 day moving average.
From a valuation standpoint, the stock is 96.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.6.
Its net income has increased by 34.4% to $2B since the same quarter in the previous year.
Finally, its free cash flow grew by 81.3% to $-1B since the same quarter in the previous year.
Based on the above factors, Harbin Bank Co., Ltd gets an overall score of 3/5.
| Industry | Banks-Regional |
|---|---|
| Sector | Financial Services |
| Exchange | HK |
| ISIN | CNE100001SB3 |
| CurrencyCode | HKD |
| Target Price | 3.04 |
|---|---|
| PE Ratio | None |
| Market Cap | 3B |
| Beta | 0.68 |
| Dividend Yield | 0.0% |
Harbin Bank Co., Ltd. provides various commercial banking products and services primarily in Mainland China. It operates through four segments: Corporate Financial Business, Retail Financial Business, Interbank Financial Business, and Other Business. The company offers demand and time deposit products, personal loans, collateral loans, corporate deposits and loans, and agricultural loans, as well as bank card, and debit and credit card products. It also provides settlement and clearing services, as well as other products and services relating to trading business; personal wealth management services; and money market placement, investment and repurchasing, and foreign exchange transaction services. In addition, the company offers online, mobile, and telephone banking services; insurance products; and project financing, financial management and consulting, underwriting and issuing of securities, and asset custody services. It operates through branch outlets, including branches, sub-branches, a branch-level financial service center for small enterprises, and headquarter business department. The company was formerly known as Harbin City Commercial Bank Co., Ltd. and changed its name to Harbin Bank Co., Ltd. in November 2007. Harbin Bank Co., Ltd. was incorporated in 1997 and is headquartered in Harbin, the People's Republic of China.
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