Previous Close | 7.54 |
Open | 7.53 |
Bid | 7.64 x 0 |
Ask | 7.65 x 0 |
Day's Range | 7.52 - 7.67 |
52 Week Range | 5.42 - 7.67 |
Volume | |
Avg. Volume | 130,542,938 |
Market Cap | 488.495B |
Beta (5Y Monthly) | 0.34 |
PE Ratio (TTM) | 6.59 |
EPS (TTM) | 1.16 |
Earnings Date | Aug 28, 2024 - Sept 04, 2024 |
Forward Dividend & Yield | 0.37 (4.88%) |
Ex-Dividend Date | Jul 12, 2023 |
1y Target Est | 6.98 |
Amidst a fluctuating global economic landscape, Hong Kong's market has shown resilience, reflecting broader trends seen in major indices worldwide. As investors navigate these conditions, dividend stocks remain appealing for their potential to offer steady income streams and relative stability.
China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, booked a net profit of 24.99 billion yuan ($3.45 billion) in the three months ended March, up from 24.63 billion yuan in the same period last year, the bank said in a filing on Friday. China's lenders face shrinking profitability as they are urged to reduce interest rates on loans to help bolster flagging sectors as lending demand falls.
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.