Bank of Communications Co Ltd Class H (HK:3328)
:3328
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Bank of Communications Co
(3328)
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Rating:69Neutral
Price Target:
HK$7.50
â–²(4.60% Upside)
Action:ReiteratedDate:03/28/26
The score is primarily driven by attractive valuation (low P/E and high dividend yield). Financial performance is decent but tempered by 2025 leverage expansion and historically volatile cash flows. Technicals add modest support with the stock trading slightly above key moving averages and neutral-to-positive momentum.
Positive Factors
Large, diversified banking franchise and scale
Bank of Communications operates a broad commercial banking franchise across corporate, retail and markets with a very large balance sheet and rising equity. Scale and diversification support fee diversification, resilience to sector cycles, and the ability to invest in distribution and risk management over the medium term.
Negative Factors
Sharp leverage spike in 2025
A large jump in total debt in 2025 materially increases funding and refinancing risk and tightens capital ratios unless matched by asset quality improvements or higher equity. Elevated leverage can constrain lending flexibility and raise sensitivity to funding cost shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Large, diversified banking franchise and scale
Bank of Communications operates a broad commercial banking franchise across corporate, retail and markets with a very large balance sheet and rising equity. Scale and diversification support fee diversification, resilience to sector cycles, and the ability to invest in distribution and risk management over the medium term.
Read all positive factors
Bank of Communications Co (3328) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$699.13B
Dividend Yield6.06%
Average Volume (3M)21.75M
Price to Earnings (P/E)5.0
Beta (1Y)0.55
Revenue Growth-5.44%
EPS Growth-7.20%
CountryHK
Employees95,746
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)0.34
Shares Outstanding35,011,863,000
10 Day Avg. Volume29,478,834
30 Day Avg. Volume21,754,117
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)0.40
Price to Sales (P/S)0.95
P/FCF Ratio5.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.53Price Target Upside18.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.06
Revenue Forecast (FY)HK$271.77B
Bank of Communications Co Business Overview & Revenue Model
Company Description
Bank of Communications Co., Ltd. provides commercial banking products and services. The company offers personal banking products and services, including demand, time, call, withdrawal, foreign currency, swap management, and education deposits, as ...
How the Company Makes Money
The company primarily makes money through (1) net interest income and (2) non-interest (fee and commission) income, with additional contributions from trading and investment-related activities. Net interest income is generated by taking customer d...
Bank of Communications Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
61
Positive
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 498.85B | 207.03B | 200.62B | 196.38B | 202.74B |
| Gross Profit | 206.28B | 207.03B | 200.62B | 196.38B | 202.74B |
| EBITDA | 120.09B | 122.85B | 0.00 | 114.27B | 108.80B |
| Net Income | 93.15B | 93.59B | 92.73B | 92.10B | 87.58B |
Balance Sheet | |||||
| Total Assets | 15.56T | 14.90T | 14.06T | 12.99T | 11.67T |
| Cash, Cash Equivalents and Short-Term Investments | 702.15B | 1.44T | 1.56T | 1.44T | 1.29T |
| Total Debt | 4.66T | 641.92B | 1.07T | 955.47B | 970.54B |
| Total Liabilities | 14.36T | 13.75T | 12.96T | 11.96T | 10.69T |
| Stockholders Equity | 1.19T | 1.14T | 1.09T | 1.02T | 964.65B |
Cash Flow | |||||
| Free Cash Flow | 80.60B | -99.52B | 89.73B | 336.57B | -57.72B |
| Operating Cash Flow | 120.04B | -57.35B | 137.32B | 368.22B | -34.77B |
| Investing Cash Flow | -747.26B | -98.09B | -116.62B | -284.90B | -75.55B |
| Financing Cash Flow | 593.05B | 42.52B | 4.89B | -32.98B | 1.31B |
Bank of Communications Co Technical Analysis
Positive
7.17
Price Trends
6.92
Positive
6.81
Positive
6.80
Positive
Market Momentum
0.08
Negative
63.01
Neutral
60.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3328, the sentiment is Positive. The current price of 7.17 is above the 20-day moving average (MA) of 7.02, above the 50-day MA of 6.92, and above the 200-day MA of 6.80, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 63.01 is Neutral, neither overbought nor oversold. The STOCH value of 60.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3328.
Bank of Communications Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$1.98T | 5.41 | 8.12% | 5.67% | -2.69% | 2.27% | |
76 Outperform | HK$2.73T | 6.66 | 9.18% | 4.81% | -2.85% | 10.49% | |
73 Outperform | HK$2.94T | 5.61 | 9.18% | 5.46% | -3.35% | 0.57% | |
70 Outperform | HK$2.40T | 5.23 | 9.77% | 5.64% | -4.21% | 1.01% | |
70 Outperform | HK$1.13T | 8.32 | 11.95% | 4.26% | -4.57% | 1.77% | |
69 Neutral | HK$699.13B | 4.99 | 7.92% | 6.06% | -5.44% | -7.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
HK:3328
Bank of Communications Co
7.35
0.73
10.96%
HK:1288
Agricultural Bank of China
6.17
1.65
36.50%
HK:3988
Bank of China
5.18
0.95
22.52%
HK:0939
China Construction Bank
8.99
2.77
44.56%
HK:3968
China Merchants Bank Co
47.98
8.10
20.30%
HK:1398
Industrial and Commercial Bank of China
7.22
2.18
43.23%
Bank of Communications Co Corporate Events
Bank of Communications Proposes 2025 Final Dividend and Sets Key Dates
Mar 27, 2026
Bank of Communications Co., Ltd. has proposed a final ordinary cash dividend of RMB 1.684 per 10 shares for the financial year ended 31 December 2025, subject to shareholder approval at a meeting scheduled for 26 June 2026. The dividend for Hong K...
Bank of Communications Plans RMB14.88 Billion Cash Dividend for 2025
Mar 27, 2026
Bank of Communications Co., Ltd. has approved an annual profit distribution plan for 2025, proposing a cash dividend of RMB1.684 per 10 shares, based on total share capital of 88,363,784,223 ordinary shares as of 31 December 2025. The planned payo...
Bank of Communications Posts Higher 2025 Profit on Expanding Asset Base
Mar 27, 2026
Bank of Communications reported steady growth for the year ended 31 December 2025, with net profit attributable to shareholders rising to RMB95.62 billion and profit before tax reaching RMB103.76 billion. Net operating income increased to RMB265.6...
Bank of Communications Appoints New Hong Kong Authorized Representative
Mar 20, 2026
Bank of Communications has changed its authorized representative for accepting legal process and official notices in Hong Kong, appointing Hong Kong Branch Chief Executive Cao Yuqing to succeed Fan Chaorong, effective 20 March 2026. The move, whic...
Bank of Communications Sets Webcast Briefing for 2025 Annual Results
Mar 19, 2026
Bank of Communications Co., Ltd. plans to publish its 2025 annual results on 27 March 2026 on the Hong Kong stock exchange disclosure platform and will host a webcast results briefing the same day. The session will feature the president, independe...
Bank of Communications Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
Bank of Communications Co., Ltd. has scheduled a board meeting for 27 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the payment of a final dividend, a decision that ...
Bank of Communications Gains Regulatory Approval for New Independent Director, Marks Board Transition
Jan 5, 2026
Bank of Communications has received approval from China’s National Administration of Financial Regulation for the qualification of Liu Ruixia to serve as an independent non-executive director, after which she has officially taken office. Fol...
Bank of Communications Updates Board and Committee Role Allocation
Jan 5, 2026
Bank of Communications Co., Ltd. has published an updated list of its directors and their respective roles across key board committees, detailing the distribution of responsibilities among executive, non-executive and independent non-executive dir...
Bank of Communications Updates HKD Payout and Tax Details for 2025 Interim Dividend
Dec 30, 2025
Bank of Communications Co., Ltd. has updated its previously announced interim dividend for the six months ended 30 June 2025, confirming a distribution of RMB 1.563 per 10 shares for the financial year ending 31 December 2025, with Hong Kong share...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.