PSBC enjoys strong growth potential thanks to its differentiated lending focus.
With a 25% increase in revenue and growth of 22% in net profit, no-moat Postal Savings Bank of China’s first-half results posted accelerated growth compared with the first quarter, which already exhibited the strongest growth among listed Chinese banks we cover. The results are in line with our expectations, with net profit reaching CNY 32.5 billion, which contributed 56% of our forecast full-year net profit of CNY 57.9 billion and is well on track to deliver our projected 22% growth. We retain ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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