Executive Summary
Postal Savings Bank of China Co., Ltd. provides various banking products and services for retail and corporate customers in the People’s Republic of China.
Snowflake
Fundamentals
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has Postal Savings Bank of China's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.8%
1658
0.8%
HK Banks
0.3%
HK Market
1 Year Return
6.6%
1658
-5.5%
HK Banks
-1.5%
HK Market
Return vs Industry: 1658 exceeded the Hong Kong Banks industry which returned -5.5% over the past year.
Return vs Market: 1658 exceeded the Hong Kong Market which returned -1.5% over the past year.
Shareholder returns
| 1658 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.8% | 0.8% | 0.3% |
| 30 Day | 5.3% | 2.2% | 0.5% |
| 90 Day | 9.2% | -2.7% | -4.4% |
| 1 Year | 11.9%6.6% | -0.5%-5.5% | 2.1%-1.5% |
| 3 Year | 20.3%8.7% | 15.8%-0.2% | 14.7%3.2% |
| 5 Year | n/a | 31.5%0.8% | 21.5%1.2% |
Price Volatility Vs. Market
How volatile is Postal Savings Bank of China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Is Now An Opportune Moment To Examine Postal Savings Bank of China Co., Ltd. (HKG:1658)?2 months ago | Simply Wall St
Volatility 101: Should Postal Savings Bank of China (HKG:1658) Shares Have Dropped 11%?4 months ago | Simply Wall St
Have Investors Priced In Postal Savings Bank of China Co., Ltd.'s (HKG:1658) Growth?Valuation
Is Postal Savings Bank of China undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1658 (HK$5) is trading below our estimate of fair value (HK$10.14)
Significantly Below Fair Value: 1658 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1658 is poor value based on its PE Ratio (6.7x) compared to the Banks industry average (5.9x).
PE vs Market: 1658 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: 1658 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 1658 is overvalued based on its PB Ratio (0.8x) compared to the HK Banks industry average (0.5x).
Next Steps
Future Growth
How is Postal Savings Bank of China forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1658's forecast earnings growth (10.7% per year) is above the savings rate (2%).
Earnings vs Market: 1658's earnings (10.7% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).
High Growth Earnings: 1658's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1658's revenue (10.6% per year) is forecast to grow faster than the Hong Kong market (10.4% per year).
High Growth Revenue: 1658's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1658's Return on Equity is forecast to be low in 3 years time (12.7%).
Next Steps
Past Performance
How has Postal Savings Bank of China performed over the past 5 years?
12.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1658's earnings have grown by 12.5% per year over the past 5 years.
Accelerating Growth: 1658's earnings growth over the past year (6.7%) is below its 5-year average (12.5% per year).
Earnings vs Industry: 1658 earnings growth over the past year (6.7%) exceeded the Banks industry 5.2%.
Return on Equity
High ROE: 1658's Return on Equity (11.6%) is considered low.
Return on Assets
ROA vs Industry: 1658's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate 1658's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Postal Savings Bank of China's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: 1658 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1658's debt is covered by short term assets (assets are 6.974230x debt).
Financial Institutions Analysis
Asset Level: 1658's level of assets compared to its equity is very high.
Allowance for Bad Loans: 1658 has a sufficient allowance for bad loans.
Low Risk Liabilities: 1658's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1658 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 1658's loans are broadly funded by customer deposits.
Level of Bad Loans: 1658 has an appropriate level of bad loans (0.82%)
Next Steps
Dividend
What is Postal Savings Bank of China's current dividend yield, its reliability and sustainability?
4.29%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 1658's dividend (4.29%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 1658's dividend (4.29%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: Whilst dividend payments have been stable, 1658 has been paying a dividend for less than 10 years.
Growing Dividend: 1658's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.7%), 1658's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1658's dividends in 3 years are forecast to be well covered by earnings (28.7% payout ratio).
Next Steps
Management
What is the CEO of Postal Savings Bank of China's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Postal Savings Bank of China has no CEO, or we have no data on them.
Management Age and Tenure
2.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 1658's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
4.6yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 1658's board of directors are considered experienced (4.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 216,187,027 |
| Max Price | CN¥4.53 |
| Entity | Company |
| Shares | 51,017,646 |
| Max Price | CN¥4.54 |
| Entity | Company |
| Shares | 76,351,270 |
| Max Price | CN¥4.52 |
| Entity | Company |
| Shares | 2,914,000 |
| Max Price | CN¥4.65 |
| Entity | Company |
| Shares | 18,279,341 |
| Max Price | CN¥4.65 |
| Entity | Company |
| Shares | 22,941 |
| Max Price | CN¥4.65 |
| Entity | Company |
| Shares | 22,856,360 |
| Max Price | CN¥4.65 |
| Entity | Company |
| Shares | 10,515,000 |
| Max Price | CN¥4.84 |
| Entity | Company |
| Shares | 3,973,000 |
| Max Price | CN¥4.49 |
| Entity | Company |
| Shares | 17,426,000 |
| Max Price | CN¥4.80 |
| Entity | Company |
| Shares | 33,853,000 |
| Max Price | CN¥4.70 |
| Entity | Company |
| Shares | 3,000,000 |
| Max Price | CN¥4.36 |
Ownership Breakdown
Management Team
Maurice Ngai (57yo)
Joint Company Secretary
- Tenure: 3.6yrs
Xueming Xu (52yo)
Vice President
- Tenure: 0yrs
- Compensation: CN¥608.30k
Jiawen Qu (56yo)
Vice President
- Tenure: 0yrs
- Compensation: CN¥609.90k
Zhibao Shao (57yo)
Vice President for Retailing Sector
- Tenure: 0yrs
- Compensation: CN¥614.20k
Xuewen Zhang (57yo)
Executive Director
- Tenure: 6.8yrs
- Compensation: CN¥634.50k
Hong Yao (53yo)
VP & Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥609.50k
Chunye Du (42yo)
Secretary to the Board of Directors & Joint Company Secretary
- Tenure: 2.8yrs
- Compensation: CN¥536.60k
Hucheng Liu (53yo)
Secretary to the Party Discipline Committee
- Tenure: 2.8yrs
- Compensation: CN¥584.00k
Board Members
Weihua Ma (71yo)
Independent Non-Executive Director
- Tenure: 5.8yrs
- Compensation: CN¥450.00k
Tingmei Fu (52yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥300.00k
Zhonghua Bi (67yo)
Independent Non-Executive Director
- Tenure: 5.8yrs
- Compensation: CN¥300.00k
Peizhong Gan (62yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥300.00k
Jinliang Zhang (50yo)
Chairman
- Tenure: 0.4yrs
Xuewen Zhang (57yo)
Executive Director
- Tenure: 6.8yrs
- Compensation: CN¥634.50k
Hong Yao (53yo)
VP & Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥609.50k
Jian Tang (59yo)
Non-Executive Director
- Tenure: 6.8yrs
- Compensation: CN¥579.00k
Yuejun Chen (54yo)
Chairman of the Board of Supervisors
- Tenure: 6.8yrs
Wenbo Han (53yo)
Non-Executive Director
- Tenure: 2.6yrs
- Compensation: CN¥530.00k
Company Information
Postal Savings Bank of China Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Postal Savings Bank of China Co., Ltd.
- Ticker: 1658
- Exchange: SEHK
- Founded: 2007
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: HK$397.860b
- Shares outstanding: 81.03b
- Website: https://www.psbc.com
Number of Employees
Location
- Postal Savings Bank of China Co., Ltd.
- No. 3 Financial Street
- Xicheng District
- Beijing
- 100808
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1658 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares - Foreigh Listaed | HK | HKD | Sep 2016 |
| 1658 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares - Foreigh Listaed | HK | HKD | Sep 2016 |
| 1658 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares - Foreigh Listaed | HK | HKD | Sep 2016 |
| PSTV.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Dec 2016 |
Biography
Postal Savings Bank of China Co., Ltd. provides various banking products and services for retail and corporate customers in the People’s Republic of China. Its Personal Banking segment offers personal depo ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:58 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.