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China Construction Bank Corp (0939)

TradeGate
Symbol
Exchange
Currency
0939Hong KongHKD
CICHYOTC MarketsUSD
CICHFOTC MarketsUSD
0939TradeGateEUR
0939FrankfurtEUR
601939ShanghaiCNY
CNCBViennaEUR
Currency in EUR
0.76
+0.01(+1.33%)
Closed

0939 Comments

CCB trending towards HK$7.25 but it gets higher. With strong net profit, net profit margin of 53.8%, low PE of 4.25, low PB of 0.44 & dividend of 7.12%pa. It is a NO brainer especially with interest rate easing. Mainland Chinese investors should be putting money into CCB rather than putting money into their fixed deposit account and definitely not putting money into the property market whether it is fixed income or physical property which are still looking very challenging for at least for next 1-2 years.
CCB can easily go up to HK$6.50 if it is not for the lack of confidence in how CCP handled the property debts crisis and also its high debts incurred by LGFV. CCP should be looking at imposing 1) more control on commercial & residual property developments, 2) taxing buyers & sellers (especially speculators) of residential properties in & outside of China via stamp duty, progressive property tax, etc.
time to buy
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CCB's Appointment of Zhang Jinliang as President Approved
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JPM Chops CCB TP to $8, Rated Overweight
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JPM Adds CCB TP to $8.2; Rated Overweight
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BofAS Chops CCB (00939.HK) TP to $7.7; Rated Buy
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JPM Trims CCB TP to $7.9; Rated ***Overweight***
U.S. postpones ban on trading Chinese stocks with alleged military ties
6.95xx end of week
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JPM Adds CCB TP to $8.8; Rated ***Overweigh***
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M Stanley Assumes CCB Shr to Rise in 60 Days; Rated ***OW*** with $7.3 TP
Soon be back to 5.9
Sell, sell, sell
does anyone see a descending triangle?
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