PSB's 3Q Results Confirmed Our Favorable View for the Bank
Postal Savings Bank of China’s third-quarter results confirm our belief that the bank’s near-term performance will continue to stand out, thanks to its strong growth potential and relatively lower balance sheet risks than other banks. Net profits for the first three quarters grew 16.9%, with third-quarter net profits accelerating to 21.81% from the year-ago period. We retain our HKD 5.20 per share fair value estimate for PSBC, as the results were largely in line with our expectations. We do not ...
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