Added to YB: 2024-04-15
Pitch date: 2024-04-14
1658.HK [bullish]
Postal Savings Bank of China Co., Ltd.
+59.19%
current return
Author Info
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Company Info
Postal Savings Bank of China Co., Ltd., together with its subsidiaries, provides various banking products and services for retail and corporate customers in the People’s Republic of China.
Market Cap
HKD 503.6B
Pitch Price
HKD 3.29
Price Target
N/A
Dividend
5.05%
EV/EBITDA
N/A
P/E
5.58
EV/Sales
N/A
Sector
Banks
Category
dividend
Show full summary:
Hong Kong Part 2: Large Caps I actually bought - Postal Savings Bank of China Co., Ltd.
PSBC (1658.HK): Chinese bank with 7%+ dividend yield trading <0.5x P/B. Minimal real estate exposure. No earnings growth, but NPLs decreasing. Potential upside from Chinese economic recovery. Offers diversification and general exposure to China's economy.
Read full article (1 min)