SEHK:3988Banks
Bank of China (SEHK:3988) Stock Trades Below Fair Value As Growth Stays Steady
Bank of China stock closed at HK$5.58 on Friday with only a modest gain over the past week, even as fresh Q2 numbers landed. The market reaction has been muted, yet the headline is not. Net income for the quarter came in at ¥66,963m on revenue of ¥148,470m, and the trailing P/E of 6.6x still sits just above Hong Kong bank peers.
For short term traders that may look uninspiring. For long term investors, the bigger story is a bank that screens as materially below a discounted cash flow fair...