China Merchants Bank: Pulling Back As Sector Headwinds Warrant Caution [Seeking Alpha]
CHINA MRCHNTS BK UNSP/ADR (CIHKY)
NASDAQ:AMEX Investor Relations:
english.cmbchina.com/cmbir/home.aspx
Company Research
Source: Seeking Alpha
Yet, an aggressive rate cut cycle looms large, which will probably drag margins lower. In light of a challenging near-term backdrop for the sector, CMB equity isn't priced cheaply enough. As China's leading privately owned commercial bank, China Merchants Bank or 'CMB' ( OTCPK:CIHHF ) has done a stellar job carving out a niche in retail banking and subsequently building on that base with less rate-sensitive fee businesses (e.g., wealth and asset management, among others). That said, the bank isn't immune from external headwinds, most pertinently from an accelerated pace of monetary easing by China's central bank (the PBoC), which will weigh on net interest margins (NIMs) from here. Data out of China also indicates the country isn't growing the way it used to (a key reason my previously upbeat post-reopening view on CMB didn't pan out); thus, I wouldn't count on much offset from loan growth in the likely scenario we see more rate cuts this year. Asset quality relief post-rate cuts
Show less
Read more
Impact Snapshot
Event Time:
CIHKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CIHKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CIHKY alerts
High impacting CHINA MRCHNTS BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CIHKY
News
- China Market Update: Mainland Sees Massive Buying, Hong Kong Growth Flies, Week In Review [Forbes]Forbes
- ASHR: China May Finally Be 'Investable' Again [Seeking Alpha]Seeking Alpha
- AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited [Yahoo! Finance]Yahoo! Finance
- Gold Beans All the Rage With China's Gen Z as Deflation Bites [Yahoo! Finance]Yahoo! Finance
- Gold Beans All the Rage With China's Gen Z as Deflation Bites [BNN Bloomberg (Canada)]BNN Bloomberg