SEHK:9668

Stock Analysis Report

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Executive Summary

China Bohai Bank Co., Ltd. provides various personal and corporate banking products and services in the People’s Republic of China. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 9668 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 9668's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

9668

2.4%

HK Banks

3.7%

HK Market


1 Year Return

n/a

9668

-11.2%

HK Banks

9.1%

HK Market

Return vs Industry: Insufficient data to determine how 9668 performed against the Hong Kong Banks industry.

Return vs Market: Insufficient data to determine how 9668 performed against the Hong Kong Market.


Shareholder returns

9668IndustryMarket
7 Day0.4%2.4%3.7%
30 Day-4.1%8.6%9.9%
90 Day3.7%12.3%16.7%
1 Yearn/a-5.7%-11.2%13.5%9.1%
3 Yearn/a-18.3%-30.4%-3.3%-13.4%
5 Yearn/a45.9%10.8%64.9%37.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is China Bohai Bank undervalued compared to its fair value and its price relative to the market?

42.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 9668 (HK$4.72) is trading below our estimate of fair value (HK$8.25)

Significantly Below Fair Value: 9668 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9668 is poor value based on its PE Ratio (6.7x) compared to the HK Banks industry average (6.3x).

PE vs Market: 9668 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: 9668 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 9668 is overvalued based on its PB Ratio (0.7x) compared to the HK Banks industry average (0.4x).


Next Steps

Future Growth

How is China Bohai Bank forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9668's forecast earnings growth (11.5% per year) is above the savings rate (1.5%).

Earnings vs Market: 9668's earnings (11.5% per year) are forecast to grow slower than the Hong Kong market (21.1% per year).

High Growth Earnings: 9668's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9668's revenue (24.9% per year) is forecast to grow faster than the Hong Kong market (14.1% per year).

High Growth Revenue: 9668's revenue (24.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9668's Return on Equity is forecast to be low in 3 years time (10.7%).


Next Steps

Past Performance

How has China Bohai Bank performed over the past 5 years?

5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9668 has a high level of non-cash earnings.

Growing Profit Margin: 9668's current net profit margins (44.4%) are higher than last year (39.2%).


Past Earnings Growth Analysis

Earnings Trend: 9668's earnings have grown by 5.9% per year over the past 5 years.

Accelerating Growth: 9668's earnings growth over the past year (32.1%) exceeds its 5-year average (5.9% per year).

Earnings vs Industry: 9668 earnings growth over the past year (32.1%) exceeded the Banks industry -7.2%.


Return on Equity

High ROE: 9668's Return on Equity (9.7%) is considered low.


Next Steps

Financial Health

How is China Bohai Bank'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: 9668's Assets to Equity ratio (14.5x) is moderate.

Allowance for Bad Loans: 9668 has a sufficient allowance for bad loans (187%).

Low Risk Liabilities: 72% of 9668's liabilities are made up of primarily low risk sources of funding.

Loan Level: 9668 has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: 9668's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: 9668 has an appropriate level of bad loans (1.8%).


Next Steps

Dividend

What is China Bohai Bank current dividend yield, its reliability and sustainability?

41.30%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 9668's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 9668's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 9668's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 9668's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 9668's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Hongzhi Qu (51 yo)

0.92

Tenure

Mr. Hongzhi Qu has been President and Director of China Bohai Bank Co., Ltd. since January 23 2020. Mr. Qu has years of experience in banking industry. Previously, he worked at Jiangsu branch of China Cons...


Leadership Team

NamePositionTenureCompensationOwnership
Hongzhi Qu
President & Director0.92yrno datano data
Yi Li
VP & Executive Director4.58yrsCN¥1.70mno data
Zhihong Zhao
Chief Risk Officerno dataCN¥4.36mno data
Gang Du
VP, Joint Company Secretary & Director1yrCN¥258.70kno data
Hui Zhang
Head of Finance Departmentno datano datano data
Shuk Yi So
Joint Company Secretary0.92yrno datano data

0.9yrs

Average Tenure

52yo

Average Age

Experienced Management: 9668's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hongzhi Qu
President & Director0.92yrno datano data
Yi Li
VP & Executive Director4.58yrsCN¥1.70mno data
Gang Du
VP, Joint Company Secretary & Director1yrCN¥258.70kno data
Yat Hong Tse
Independent Non-Executive Director0.58yrno datano data
Bingjun Zhang
Non-Executive Director7.92yrsno datano data
Joi Lun Fung
Vice Chairman of the Board10.42yrsno datano data
Yunji Zhang
Non-Executive Director11.92yrsno datano data
Fuan Li
Chairman of the Board6yrsCN¥1.80mno data
Chunfeng Wang
Chairman of Supervisory Board1.17yrsno datano data
Zhenhua Mao
Independent Non-Executive Director4.58yrsno datano data
Binrui Mu
Independent Non-Executive Director2.33yrsno datano data
Jiankuan Feng
Vice Chairman of the Supervisory Board1.08yrsCN¥246.80kno data

3.5yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 9668's board of directors are considered experienced (3.5 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: 9668 only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: China Bohai Bank Co., Ltd.
  • Ticker: 9668
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: HK$81.883b
  • Shares outstanding: 17.76b
  • Website: https://www.cbhb.com.cn

Number of Employees


Location

  • China Bohai Bank Co., Ltd.
  • No.218,Haihe East Road
  • Hedong District
  • Tianjin
  • 300012
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
9668SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJul 2020
9668SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJul 2020
9668SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJul 2020
4B1MUN (Boerse Muenchen)YesForeign Shares-Foreign ListedDEEURJul 2020

Biography

China Bohai Bank Co., Ltd. provides various personal and corporate banking products and services in the People’s Republic of China. The company offers time deposits, personal savings and settlement account...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 10:06
End of Day Share Price2021/01/19 00:00
Earnings2020/06/30
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.