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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Merchants Bank Co.    600036   CNE000001B33

CHINA MERCHANTS BANK CO.

(600036)
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China Shares Expected To Remain Rangebound

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01/14/2019 | 07:30am EDT

The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had advanced almost 70 points or 2.8 percent. The Shanghai Composite Index now rests just beneath the 2,555-point plateau although it`s expected to move lower again on Monday.

The global forecast for the Asian markets suggests mild consolidation on profit taking and a drop in crude oil prices. The European and U.S. markets were down and the Asian bourses are expected to follow that lead.

The SCI finished modestly higher on Friday following gains from the financial shares, properties and oil and insurance companies.

For the day, the index gathered 18.73 points or 0.74 percent to finish at 2,553.83 after trading between 2,533.36 and 2,554.79.

Among the actives, Industrial and Commercial Bank of China added 0.38 percent, while China Merchants Bank spiked 2.36 percent, Bank of China collected 0.28 percent, China Construction Bank perked 0.32 percent, China Life Insurance gathered 0.74 percent, Ping An Insurance advanced 0.99 percent, PetroChina rose 0.41 percent, China Petroleum and Chemical (Sinopec) climbed 0.94 percent, China Shenhua Energy was up 0.27 percent, Gemdale jumped 1.61 percent, China Vanke gained 0.76 percent and CITIC Securities jumped 1.01 percent.

The lead from Wall Street is slightly soft as stocks opened lower on Friday, staged a recovery in the afternoon but still finished barely in the red.

The Dow shed 5.97 points or 0.02 percent to 23,995.95, while the NASDAQ lost 14.59 points or 0.21 percent to 6,971.48 and the S&P 500 fell 0.38 points or 0.01 percent to 2,596.26. For the week, the Dow added 2.4 percent, the NASDAQ added 3.5 percent and the S&P rose 2.5 percent.

The early weakness on Wall Street was due to profit taking, with traders cashing in on gains from the five-day winning streak. Concerns about the ongoing government shutdown and skepticism about a potential trade deal between the U.S. and China also weighed.

In economic news, the Labor Department noted a slight drop in consumer prices in December, while core consumer priced ticked slightly higher.

Crude oil futures ended lower Friday, snapping a nine-day winning streak as profit taking and worries about the slowing Chinese economy weighed on the commodity. Crude oil futures ended down $1.00 or 1.9 percent at $51.59 a barrel.

Closer to home, China will release December figures for imports, exports and trade balance later today.

Imports are expected to rise 5.0 percent on year after adding 3.0 percent in November. Exports are called higher by 3.0 percent, slowing from 5.4 percent in the previous month. The trade surplus is pegged at $51.35 billion, up from $44.74 billion a month earlier.

(c) 2019 News of Bahrain Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
CHINA CONSTRUCTION BANK CORPORATION 1.50% 7.46 End-of-day quote.15.38%
CHINA MERCHANTS BANK CO. 2.17% 36.8 End-of-day quote.42.94%
CHINA PETROLEUM & CHEMICAL CORP 0.57% 5.29 End-of-day quote.4.16%
CHINA SHENHUA ENERGY COMPANY LIMITED -0.60% 20.01 End-of-day quote.12.08%
CHINA VANKE CO., LTD. End-of-day quote.
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Financials (CNY)
Sales 2019 267 B
EBIT 2019 154 B
Net income 2019 91 066 M
Debt 2019 -
Yield 2019 3,19%
P/E ratio 2019 9,46
P/E ratio 2020 8,34
Capi. / Sales 2019 3,31x
Capi. / Sales 2020 3,08x
Capitalization 883 B
Chart CHINA MERCHANTS BANK CO.
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Technical analysis trends CHINA MERCHANTS BANK CO.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 36,4  CNY
Spread / Average Target 7,3%
EPS Revisions
Managers
NameTitle
Hui Yu Tian President, CEO & Executive Director
Jian Hong Li Chairman
Yuan Liu Chairman-Supervisory Board
Hao Li CFO, Executive Director & First Executive VP
Jun Yuan Fu Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CHINA MERCHANTS BANK CO.42.94%129 587
JP MORGAN CHASE & COMPANY11.88%345 353
INDUSTRIAL AND COMMERCIAL BANK OF CHINA8.51%284 490
BANK OF AMERICA13.35%253 679
CHINA CONSTRUCTION BANK CORPORATION15.38%214 502
WELLS FARGO-1.76%200 088