Increasing FVE for China Minsheng Bank's H-Shares on CNY Appreciation
After revisiting our DCF valuations for Chinese banks in our coverage, we are maintaining our fair value estimates for the A-shares of Bank of Communications, or Bocom, Minsheng Bank, and China Citic Bank, as we retain our expectation that these banks' weaker deposit base and high reliance on wholesale funding will remain headwinds. Ongoing regulatory tightening for the latter in order to crack down on shadow banking credits should see reduced reliance on wholesale funding for the banks. To acco...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.