SHSC:3329

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BOCOM International Holdings

Executive Summary

BOCOM International Holdings Company Limited, together with its subsidiaries, provides securities and related financial services in Hong Kong and Mainland China. More Details


Snowflake Analysis

Undervalued with proven track record and pays a dividend.

Share Price & News

How has BOCOM International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3329 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3329's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

3329

-2.6%

HK Capital Markets

-0.5%

HK Market


1 Year Return

23.9%

3329

36.7%

HK Capital Markets

21.5%

HK Market

Return vs Industry: 3329 underperformed the Hong Kong Capital Markets industry which returned 36.7% over the past year.

Return vs Market: 3329 exceeded the Hong Kong Market which returned 21.5% over the past year.


Shareholder returns

3329IndustryMarket
7 Day0.7%-2.6%-0.5%
30 Day10.2%-5.0%2.1%
90 Day30.8%7.9%11.9%
1 Year35.4%23.9%39.8%36.7%26.2%21.5%
3 Yearn/a7.9%-0.4%6.2%-4.9%
5 Yearn/a30.4%14.4%61.7%34.1%

Long-Term Price Volatility Vs. Market

How volatile is BOCOM International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BOCOM International Holdings undervalued compared to its fair value and its price relative to the market?

25.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3329 (HK$1.4) is trading below our estimate of fair value (HK$1.87)

Significantly Below Fair Value: 3329 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3329 is good value based on its PE Ratio (7.3x) compared to the HK Capital Markets industry average (14.8x).

PE vs Market: 3329 is good value based on its PE Ratio (7.3x) compared to the Hong Kong market (12.3x).


Price to Earnings Growth Ratio

PEG Ratio: 3329 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 3329's PB Ratio (0.6x) is in line with the HK Capital Markets industry average.


Next Steps

Future Growth

How is BOCOM International Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3329's forecast earnings growth (17% per year) is above the savings rate (1.5%).

Earnings vs Market: 3329's earnings (17% per year) are forecast to grow slower than the Hong Kong market (21.3% per year).

High Growth Earnings: 3329's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3329's revenue (23.1% per year) is forecast to grow faster than the Hong Kong market (13.6% per year).

High Growth Revenue: 3329's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3329's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has BOCOM International Holdings performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3329 has a high level of non-cash earnings.

Growing Profit Margin: 3329's current net profit margins (39.1%) are higher than last year (36.5%).


Past Earnings Growth Analysis

Earnings Trend: 3329's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: 3329's earnings growth over the past year (22.6%) exceeds its 5-year average (11% per year).

Earnings vs Industry: 3329 earnings growth over the past year (22.6%) exceeded the Capital Markets industry 14.1%.


Return on Equity

High ROE: 3329's Return on Equity (7.6%) is considered low.


Next Steps

Financial Health

How is BOCOM International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3329's short term assets (HK$16.4B) exceed its short term liabilities (HK$13.6B).

Long Term Liabilities: 3329's short term assets (HK$16.4B) exceed its long term liabilities (HK$1.9B).


Debt to Equity History and Analysis

Debt Level: 3329's debt to equity ratio (189.8%) is considered high.

Reducing Debt: 3329's debt to equity ratio has increased from 87.7% to 189.8% over the past 5 years.

Debt Coverage: 3329's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 3329's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is BOCOM International Holdings's current dividend yield, its reliability and sustainability?

6.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3329's dividend (6.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2%).

High Dividend: 3329's dividend (6.43%) is in the top 25% of dividend payers in the Hong Kong market (6.3%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3329 has been paying a dividend for less than 10 years.

Growing Dividend: 3329'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 (46.7%), 3329's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3329's dividends in 3 years are forecast to be well covered by earnings (48.1% payout ratio).


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

Yu Meng (52 yo)

0.25

Tenure

Mr. Yu Meng has been Chief Executive Officer and Executive Director of BOCOM International Holdings Company Ltd. since December 1, 2020. He joined the Bank of Communications Co., Ltd. (“BOCOM”) in August 1...


Leadership Team

NamePositionTenureCompensationOwnership
Yueheng Tan
Chairman4.67yrsHK$5.42m0.073%
HK$ 2.8m
Chuange Cheng
Deputy CEO & Executive Director10.75yrsHK$4.74mno data
Xuanhua Xi
Deputy Chief Executive Officer6yrsHK$5.89m0.037%
HK$ 1.4m
Fen Su
Deputy Chief Executive Officer2.67yrsHK$3.60mno data
Yu Meng
CEO & Executive Director0.25yrno datano data
Suet Choi
Financial Controllerno datano datano data
Wai Kei Sum
Head of Corporate Finance4yrsno datano data
Chun Kwok Chan
Head of Legal & Compliance Department5.75yrsno datano data
Li Yi
Head of Executive Office & Company Secretaryno datano datano data

4.9yrs

Average Tenure

48yo

Average Age

Experienced Management: 3329's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yueheng Tan
Chairman4.67yrsHK$5.42m0.073%
HK$ 2.8m
Chuange Cheng
Deputy CEO & Executive Director10.75yrsHK$4.74mno data
Yu Meng
CEO & Executive Director0.25yrno datano data
Zhijun Lin
Independent Non-Executive Director9.42yrsHK$360.00kno data
Ning Ma
Independent Non-Executive Director4.42yrsHK$360.00kno data
Yung Hoi Tse
Independent Non-Executive Director6.75yrsHK$360.00kno data
Zhihong Lin
Non-Executive Director6.33yrsno datano data
Fugang Shou
Non-Executive Director13.58yrsno datano data
Ying Po
Non-Executive Director0.75yrno datano data

6.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 3329's board of directors are considered experienced (6.3 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BOCOM International Holdings Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BOCOM International Holdings Company Limited
  • Ticker: 3329
  • Exchange: SHSC
  • Founded: 1998
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: HK$3.828b
  • Shares outstanding: 2.73b
  • Website: https://www.bocomgroup.com

Number of Employees


Location

  • BOCOM International Holdings Company Limited
  • Man Yee Building
  • 9th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3329SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2017
597DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2017
3329SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2017
3329SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2017

Biography

BOCOM International Holdings Company Limited, together with its subsidiaries, provides securities and related financial services in Hong Kong and Mainland China. The company operates through Brokerage, Cor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 10:10
End of Day Share Price2021/03/03 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.