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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Bank of Chengdu Co., Ltd.    601838   CNE100002SN6

BANK OF CHENGDU CO., LTD.

(601838)
  Report
End-of-day quote. End-of-day quote Shanghai Stock Exchange - 09/21
10.73 CNY   -0.92%
08/04China stocks firm as banks lend support; Hong Kong up
RE
2018ASIA MARKETS: Asian Markets Dip, Though Nikkei Stays Above Water
DJ
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China stocks firm as banks lend support; Hong Kong up

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08/04/2020 | 12:30am EDT

* SSEC up 0.1%, CSI300 up 0.1%, HSI up 0.8%

* HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 1.5%

* FTSE China A50 +0.5%

SHANGHAI, Aug 4 (Reuters) - China stocks firmed on Tuesday, driven by strong gains in banks as investors cheered Beijing's latest move to ease pressure on the country's financial institutions.

** The CSI300 index rose 0.1% to 4,775.13 points at the end of the morning session, while the Shanghai Composite Index firmed 0.1% to 3,371.00 points.

** Banks led the gains, with the CSI300 banks index up 2.1% by the midday break and bellwether Bank Of Chengdu surging as much as 10%.

** The valuations of Chinese banks are now at historically low levels with sufficient safety margin and allocation value, analysts at Northeast Securities said in a report.

** China will extend the grace period for implementation of sweeping asset management rules to the end of 2021, the central bank said on Friday.

** The one-year extension will help ease the impact of the pandemic on financial institutions' asset management businesses and help avoid the pressure on them caused by the centralised disposal of stock assets, the central bank said in a statement on its website.

** Tuesday's gain followed a strong rally on Monday, underpinned by upbeat domestic factory data.

** Although market participants remained wary of uncertainties around Sino-U.S. relations.

** The uncertainties around Sino-U.S. relations are increasing and would persist until the 2020 U.S. election, which could weigh on the market, said Zhang Chengyu, vice general manager of vice general of Beijing-based Shiji Hongfan Asset Management Company.

** China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push ByteDance to sell short-video app TikTok's U.S. operations to Microsoft, the China Daily newspaper said on Tuesday.

** In Hong Kong, the Hang Seng index added 0.8%, to 24,659.93 points, while the Hong Kong China Enterprises Index gained 1.2%, to 10,157.03. (Reporting by Luoyan Liu and Andrew Galbraith; Editing by Aditya Soni)

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHENGDU CO., LTD. -0.92% 10.73 End-of-day quote.18.30%
HANG SENG -0.81% 23747.17 Real-time Quote.-15.07%
NORTHEAST SECURITIES CO., LTD. -0.30% 10.08 End-of-day quote.8.39%
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All news about BANK OF CHENGDU CO., LTD.
08/04China stocks firm as banks lend support; Hong Kong up
RE
2018ASIA MARKETS: Asian Markets Dip, Though Nikkei Stays Above Water
DJ
More news
Financials
Sales 2020 14 287 M 2 104 M 2 104 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 4,38%
Capitalization 38 759 M 5 696 M 5 708 M
Capi. / Sales 2020 2,71x
Capi. / Sales 2021 2,45x
Nbr of Employees 5 927
Free-Float 31,8%
Chart BANK OF CHENGDU CO., LTD.
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Bank of Chengdu Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANK OF CHENGDU CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 12,99 CNY
Last Close Price 10,73 CNY
Spread / Highest target 41,0%
Spread / Average Target 21,1%
Spread / Lowest Target 3,26%
Managers
NameTitle
Tao Wang President & Director
Hui Wang Chairman
Bo Sun Chairman-Supervisory Board
Ai Lan Li Director & Vice President
Leng Hai Kwek Director
Sector and Competitors