Agricultural Bank of China Limited (1288.HK)
| Previous Close | 3.390 |
| Open | 3.390 |
| Bid | 3.440 x 0 |
| Ask | 3.450 x 0 |
| Day's Range | 3.380 - 3.480 |
| 52 Week Range | 2.500 - 3.480 |
| Volume | |
| Avg. Volume | 115,992,266 |
| Market Cap | 1.674T |
| Beta (5Y Monthly) | 0.33 |
| PE Ratio (TTM) | 4.42 |
| EPS (TTM) | 0.780 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.25 (7.37%) |
| Ex-Dividend Date | May 30, 2024 |
| 1y Target Est | 3.79 |
ReutersChina's Big Five lenders post shrinking margins, warn of property risks
Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.
Simply Wall St.Exploring Top Dividend Stocks In Hong Kong For March 2024
As Asian equities experience a surge, with Hong Kong's Hang Seng Index notably up led by the tech sector, investors are keeping a keen eye on global economic indicators and central bank policies. Amidst these market conditions, dividend stocks in Hong Kong emerge as potential candidates for those seeking income-generating investments that may offer stability in a landscape of fluctuating monetary policies and inflation expectations.
- Reuters
WRAPUP 2-Chinese banks to cut existing mortgage rates as property crisis deepens
Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit property sector and bolster a sputtering economy. The quantum of the cut on existing mortgages, which, if implemented, will be the first such move in China since the global financial crisis, would be different for different types of clients and in different cities, said the sources. The reduction could be as much as 20 basis points in some cases, said the sources, who declined to be named as they were not authorized to speak to the media.
