SEHK:6190

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Executive Summary

Bank of Jiujiang Co., Ltd. provides various banking and financial products and services for individuals, corporate customers, and small and micro enterprises in the People's Republic of China.


Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Bank of Jiujiang's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6190 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.2%

6190

2.8%

HK Banks

3.4%

HK Market


1 Year Return

3.4%

6190

-10.2%

HK Banks

-7.8%

HK Market

Return vs Industry: 6190 exceeded the Hong Kong Banks industry which returned -10.2% over the past year.

Return vs Market: 6190 exceeded the Hong Kong Market which returned -7.8% over the past year.


Shareholder returns

6190IndustryMarket
7 Day-0.2%2.8%3.4%
30 Day-0.4%-2.8%-1.4%
90 Day0.5%-5.8%-5.8%
1 Year4.6%3.4%-6.2%-10.2%-4.8%-7.8%
3 Yearn/a-1.7%-15.4%-2.6%-12.4%
5 Yearn/a-9.6%-30.8%-13.6%-27.0%

Price Volatility Vs. Market

How volatile is Bank of Jiujiang's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bank of Jiujiang undervalued compared to its fair value and its price relative to the market?

13.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6190 (HK$10.96) is trading above our estimate of fair value (HK$6.95)

Significantly Below Fair Value: 6190 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6190 is poor value based on its PE Ratio (13.2x) compared to the Banks industry average (5.3x).

PE vs Market: 6190 is poor value based on its PE Ratio (13.2x) compared to the Hong Kong market (9.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6190's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6190 is overvalued based on its PB Ratio (1x) compared to the HK Banks industry average (0.4x).


Next Steps

Future Growth

How is Bank of Jiujiang forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.9%

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 Bank of Jiujiang 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.


Next Steps

Past Performance

How has Bank of Jiujiang performed over the past 5 years?

1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6190 has a high level of non-cash earnings.

Growing Profit Margin: 6190's current net profit margins (36.4%) are lower than last year (39.5%).


Past Earnings Growth Analysis

Earnings Trend: 6190's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: 6190's earnings growth over the past year (4.5%) exceeds its 5-year average (1.1% per year).

Earnings vs Industry: 6190 earnings growth over the past year (4.5%) underperformed the Banks industry 4.7%.


Return on Equity

High ROE: 6190's Return on Equity (7.4%) is considered low.


Next Steps

Financial Health

How is Bank of Jiujiang'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


Financial Institutions Analysis

Asset Level: 6190's Assets to Equity ratio (14.3x) is moderate.

Allowance for Bad Loans: 6190 has a sufficient allowance for bad loans (182%).

Low Risk Liabilities: 80% of 6190's liabilities are made up of primarily low risk sources of funding.

Loan Level: 6190 has an appropriate level of Loans to Assets ratio (48%).

Low Risk Deposits: 6190's Loans to Deposits ratio (64%) is appropriate.

Level of Bad Loans: 6190 has an appropriate level of bad loans (1.7%).


Next Steps

Dividend

What is Bank of Jiujiang's current dividend yield, its reliability and sustainability?

1.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6190's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.55%).

High Dividend: 6190's dividend (1.19%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.26%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 6190's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 6190's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.7%), 6190'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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Ming Pan (44yo)

7.42yrs

Tenure

CN¥1,286,000

Compensation

Mr. Ming Pan is Vice Chairman, President and Chief Customer Manager at Bank of Jiujiang Co., Ltd. 


CEO Compensation Analysis

Compensation vs Market: Ming's total compensation ($USD180.44K) is below average for companies of similar size in the Hong Kong market ($USD552.08K).

Compensation vs Earnings: Ming's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Xianting Liu
Executive Chairman of the Boardno dataCN¥1.58m0.021% CN¥5.5m
Ming Pan
Vice Chairman7.42yrsCN¥1.29m0.0093% CN¥2.5m
Liping Cai
VP & Executive Directorno dataCN¥1.19m0.021% CN¥5.5m
Jing Xiao
Chief Information Officer & VP1.5yrsno data0.0023% CN¥609.5k
Chan Zhi
IR Managerno datano datano data
Kun Wang
Vice Presidentno datano data0.018% CN¥4.8m
Cao Xu
Assistant to President & President of Fuzhou Branchno datano data0.0090% CN¥2.4m
Faping Tong
Board Secretary & Joint Secretaryno datano data0.016% CN¥4.2m
Po Yi Fok
Joint Company Secretary0.92yrno datano data
Xinyan Wang
Supervisor & GM of Asset Preservation Department0.50yrno datano data

1.5yrs

Average Tenure

45yo

Average Age

Experienced Management: 6190's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bank of Jiujiang Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Jiujiang Co., Ltd.
  • Ticker: 6190
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: HK$26.385b
  • Shares outstanding: 2.41b
  • Website: https://www.jjccb.com

Number of Employees


Location

  • Bank of Jiujiang Co., Ltd.
  • Bank of Jiujiang Mansion
  • No. 619 Changhong Avenue
  • Jiujiang
  • Jiangxi Province
  • 332000
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6190SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJul 2018
BJ8DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJul 2018

Biography

Bank of Jiujiang Co., Ltd. provides various banking and financial products and services for individuals, corporate customers, and small and micro enterprises in the People's Republic of China. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The company offers demand, time, fixed, and corporate deposit products, as well as certificates of deposit; personal loans for consumption and business purposes; residential mortgage loans; corporate loans, and green financing products; and trade financing and bill acceptance and discounting services, as well as debit and credit cards. It also provides various services, including domestic and overseas settlements; issuing financial bonds; acting as agent to issue, settle, and underwrite government bonds; trading of government bonds and financial bonds; inter-bank placements; offering letters of credit services and guarantees; acting as agent on inward and outward payments, and acting as insurance agent; and safe-box service and other businesses. In addition, the company conducts money market or repurchase transactions, and debt instrument investments, as well as provides online, mobile, telephone, and self-service banking services. As of December 31, 2019, it operated through 13 branches and 258 sub-branches. The company was founded in 2000 and is based in Jiujiang, the People's Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 06:43
End of Day Share Price2020/06/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.