Bank of Communications Co Ltd Class H (HK:3328)
:3328
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Bank of Communications Co
(3328)
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Rating:66Neutral
Price Target:
HK$7.50
â–²(4.60% Upside)
Action:Reiterated
Date:05/01/26
The score is driven by strong valuation (low P/E and high dividend yield) and a generally supportive longer-term trend versus key moving averages. Offsetting this, financial performance is capped by elevated leverage and highly volatile cash generation, including negative TTM free cash flow.
Positive Factors
Diversified banking franchise
A broad commercial banking product set and distribution across corporate, retail and treasury businesses supports diversified revenue streams and deposit gathering. This structural mix reduces dependence on any single cycle, aids fee income stability, and underpins long-term deposit funding and cross-sell potential.
Negative Factors
Elevated leverage
A marked rise in debt-to-equity materially increases balance-sheet sensitivity to funding stress and interest-rate moves, raising refinancing and regulatory risk. Higher leverage constrains strategic flexibility, amplifies capital volatility from credit losses, and can force conservative lending or costly capital actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified banking franchise
A broad commercial banking product set and distribution across corporate, retail and treasury businesses supports diversified revenue streams and deposit gathering. This structural mix reduces dependence on any single cycle, aids fee income stability, and underpins long-term deposit funding and cross-sell potential.
Read all positive factors
Bank of Communications Co (3328) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$677.76B
Dividend Yield6.06%
Average Volume (3M)21.75M
Price to Earnings (P/E)5.3
Beta (1Y)0.53
Revenue Growth-2.97%
EPS Growth-9.43%
CountryHK
Employees95,746
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)1.05
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$8.52Price Target Upside18.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.06
Revenue Forecast (FY)HK$273.61B
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 bank primarily makes money through (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest received on interest-earning assets (mainly corporate and retail loans, and investments in s...
Bank of Communications Co Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 423.37B | 498.85B | 207.03B | 200.62B | 196.38B | 202.74B |
| Gross Profit | 225.19B | 206.28B | 207.03B | 200.62B | 196.38B | 202.74B |
| EBITDA | 109.84B | 120.09B | 122.85B | 0.00 | 114.27B | 108.80B |
| Net Income | 96.17B | 93.15B | 93.59B | 92.73B | 92.10B | 87.58B |
Balance Sheet | ||||||
| Total Assets | 16.22T | 15.56T | 14.90T | 14.06T | 12.99T | 11.67T |
| Cash, Cash Equivalents and Short-Term Investments | 784.15B | 702.15B | 1.44T | 1.56T | 1.44T | 1.29T |
| Total Debt | 4.92T | 4.66T | 641.92B | 1.07T | 955.47B | 970.54B |
| Total Liabilities | 15.00T | 14.36T | 13.75T | 12.96T | 11.96T | 10.69T |
| Stockholders Equity | 1.21T | 1.19T | 1.14T | 1.09T | 1.02T | 964.65B |
Cash Flow | ||||||
| Free Cash Flow | -39.20B | 80.60B | -99.52B | 89.73B | 336.57B | -57.72B |
| Operating Cash Flow | 3.61B | 120.04B | -57.35B | 137.32B | 368.22B | -34.77B |
| Investing Cash Flow | -919.98B | -747.26B | -98.09B | -116.62B | -284.90B | -75.55B |
| Financing Cash Flow | 918.90B | 593.05B | 42.52B | 4.89B | -32.98B | 1.31B |
Bank of Communications Co Technical Analysis
Neutral
7.17
Price Trends
7.10
Positive
6.89
Positive
6.81
Positive
Market Momentum
0.04
Positive
48.04
Neutral
45.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3328, the sentiment is Neutral. The current price of 7.17 is below the 20-day moving average (MA) of 7.27, above the 50-day MA of 7.10, and above the 200-day MA of 6.81, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.04 is Neutral, neither overbought nor oversold. The STOCH value of 45.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$1.97T | 5.73 | 8.19% | 5.67% | -0.06% | 5.64% | |
78 Outperform | HK$2.56T | 5.75 | 9.18% | 4.81% | 0.60% | 5.68% | |
73 Outperform | HK$2.81T | 6.18 | 9.18% | 5.46% | -3.35% | 0.57% | |
70 Outperform | HK$2.34T | 5.64 | 9.77% | 5.64% | 0.25% | 3.62% | |
70 Outperform | HK$1.09T | 7.29 | 11.91% | 4.26% | -4.57% | 1.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | HK$677.76B | 5.28 | 7.91% | 6.06% | -2.97% | -9.43% |
* Financial Sector Average
HK:3328
Bank of Communications Co
7.19
0.23
3.23%
HK:1288
Agricultural Bank of China
6.07
1.39
29.73%
HK:3988
Bank of China
5.23
0.67
14.72%
HK:0939
China Construction Bank
8.73
1.94
28.48%
HK:3968
China Merchants Bank Co
46.10
-0.64
-1.37%
HK:1398
Industrial and Commercial Bank of China
6.88
1.69
32.61%
Bank of Communications Co Corporate Events
Bank of Communications Revamps Board With New Independent Directors
Apr 29, 2026
Bank of Communications has proposed appointing Mr. Jin Panshi and Ms. Pan Yanhong as independent non-executive directors, with Jin set to chair the Personnel and Remuneration Committee and join the Audit Committee, and Pan to join both the Audit C...
Bank of Communications Posts Q1 2026 Growth but Sees Return on Equity Decline
Apr 29, 2026
Bank of Communications Co., Ltd. reported steady balance sheet expansion in the first quarter of 2026, with total assets rising 4.66% from year-end 2025 to RMB 16.27 trillion and customer loans and advances up 3.52%. Customer deposits grew 4.06%, ...
Bank of Communications Raises RMB40 Billion via Tier 2 Bond Issue
Apr 27, 2026
Bank of Communications Co., Ltd., one of China’s leading commercial banks listed in Hong Kong, has further tapped the domestic bond market to reinforce its capital structure. The lender, active in wholesale and interbank markets, continues t...
Bank of Communications Sets Board Meeting to Review Q1 2026 Results
Apr 15, 2026
Bank of Communications Co., Ltd., a leading Chinese commercial bank listed in Hong Kong, offers comprehensive banking and financial services through its subsidiaries to retail and institutional clients in China and abroad. The institution is gover...
Bank of Communications Sets 2025 Final Dividend and Key Payment Dates
Apr 1, 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 on 26 June 2026. The dividend for Hong Kong shareholders will be...
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 ...
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.