Chong Hing Bank Limited provides banking and related financial services.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$20.90|
|52 Week High||HK$8.80|
|52 Week Low||HK$20.90|
|1 Month Change||0.48%|
|3 Month Change||2.45%|
|1 Year Change||132.74%|
|3 Year Change||51.23%|
|5 Year Change||33.12%|
|Change since IPO||102.91%|
Recent News & Updates
|1111||HK Banks||HK Market|
Return vs Industry: 1111 exceeded the Hong Kong Banks industry which returned 12.6% over the past year.
Return vs Market: 1111 exceeded the Hong Kong Market which returned 8.4% over the past year.
Stable Share Price: 1111 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: 1111's weekly volatility has decreased from 9% to 1% over the past year.
About the Company
Chong Hing Bank Limited provides banking and related financial services. The company offers fixed deposits, current and savings accounts, lending and trade finance facilities, auto financing, consumer financing, overdraft facilities, provident fund services, credit cards, and personal wealth management services. It also provides automated telephone and Internet banking services; and other banking services, including remittance and money exchange, safe deposit boxes, autopay, and direct debit.
Chong Hing Bank Fundamentals Summary
|1111 fundamental statistics|
Is 1111 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1111 income statement (TTM)|
|Cost of Revenue||HK$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.52|
|Net Profit Margin||39.79%|
How did 1111 perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
Is Chong Hing Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1111 (HK$20.9) is trading below our estimate of fair value (HK$23.28)
Significantly Below Fair Value: 1111 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1111 is poor value based on its PE Ratio (13.8x) compared to the Hong Kong Banks industry average (5.7x).
PE vs Market: 1111 is poor value based on its PE Ratio (13.8x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1111's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1111 is overvalued based on its PB Ratio (0.7x) compared to the HK Banks industry average (0.4x).
How is Chong Hing Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Chong Hing Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Chong Hing Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1111 has a high level of non-cash earnings.
Growing Profit Margin: 1111's current net profit margins (39.8%) are lower than last year (41.8%).
Past Earnings Growth Analysis
Earnings Trend: 1111's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: 1111's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1111 had negative earnings growth (-4.5%) over the past year, making it difficult to compare to the Banks industry average (6.4%).
Return on Equity
High ROE: 1111's Return on Equity (6%) is considered low.
How is Chong Hing Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 1111's Assets to Equity ratio (8.4x) is low.
Allowance for Bad Loans: 1111 has a sufficient allowance for bad loans (127%).
Low Risk Liabilities: 95% of 1111's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1111 has an appropriate level of Loans to Assets ratio (63%).
Low Risk Deposits: 1111's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: 1111 has an appropriate level of bad loans (0.6%).
What is Chong Hing Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1111's dividend (1.63%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.3%).
High Dividend: 1111's dividend (1.63%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).
Stability and Growth of Payments
Stable Dividend: 1111's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1111's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.4%), 1111's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jianxin Zong (54 yo)
Mr. Jianxin Zong has been Chief Executive Officer of Chong Hing Bank Limited since April 19, 2017 and served as its Deputy Managing Director since May 20, 2015 until May 18, 2018. Mr. Zong is an Executive...
CEO Compensation Analysis
Compensation vs Market: Jianxin's total compensation ($USD1.67M) is above average for companies of similar size in the Hong Kong market ($USD722.80K).
Compensation vs Earnings: Jianxin's compensation has been consistent with company performance over the past year.
Experienced Management: 1111's management team is considered experienced (3.7 years average tenure).
Experienced Board: 1111's board of directors are considered experienced (7.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chong Hing Bank Limited's employee growth, exchange listings and data sources
- Name: Chong Hing Bank Limited
- Ticker: 1111
- Exchange: SEHK
- Founded: 1948
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: HK$20.333b
- Shares outstanding: 972.86m
- Website: https://www.chbank.com
Number of Employees
- Chong Hing Bank Limited
- Chong Hing Bank Centre
- Ground Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/01 10:02|
|End of Day Share Price||2021/09/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.