Report
Iris Tan
EUR 100.00 For Business Accounts Only

Bank of Communications Saw Strong PPOP Growth in 2018; Credit Quality Outlooks Improved

With a 4.9% growth in net profits, no-moat Bank of Communications' results reflected strong top line growth momentum continuing in the first quarter, thanks to higher net interest margin, or NIM, against the year-ago period and improvement in operating efficiency as revenue growth picked up. Although we believe Bocom’s better-than-peer results since 2018 were primarily driven by NIM expansion as it benefited the most from recent interest rate cycle. We also saw the strengthening of its retail ba...
Underlying
Bank of Communications Co. Ltd. Class H

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Iris Tan

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