Chinese Banks in spot light of their bad loan

Even strong profit results posted by most top lenders especially our favorite ABC – Agriculture Bank of China. ABC profits surged 15% to RMB 45 billions. However Non performing loan increases close to 3% as well.

We will keep an eye on the development but the current valuation at merely 6 times of its earning ratio around RMB 3.7 closing yesterday is still very low compare to local and regional banks.

For lenders beside of both Affin and RHBCap that may invite our interest. If we were to put money further in lender we will still like ABC.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog at

Up ↑

%d bloggers like this: