Bank of China posted its largest profit increase in almost a decade in 2021, as lending strengthened in the second year of the pandemic and bad loan accumulation eased.
Net income rose +12.3% from a year ago to 216.6 billion yuan ($34 billion) in 2021, thereby surpassing a median expectation of 209.8 billion yuan (as reported in a Bloomberg report). The year registered the fastest profit growth since 2013.
The bank’s non-performing loans ratio fell 0.13 percentage point to 1.33%, according to a filing. Its non-performing loans in the property sector climbed by 4.7 billion yuan to 34.7 billion yuan.
“We remain confident on the long term prospects of the Chinese economy,” said Liu Jin, president of Bank of China, at a press conference. He mentioned that central government’s policy measures to boost the economy led to opportunities for the banking sector and BOC will maintain “reasonable” growth in new loans.
On April 18, 2024, the Stochastic Oscillator for BACHY moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 60 instances where the indicator left the oversold zone. In of the 60 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The Momentum Indicator moved above the 0 level on April 17, 2024. You may want to consider a long position or call options on BACHY as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BACHY advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 219 cases where BACHY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for BACHY moved out of overbought territory on March 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for BACHY turned negative on March 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BACHY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BACHY broke above its upper Bollinger Band on April 18, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BACHY's P/B Ratio (0.323) is slightly lower than the industry average of (0.945). BACHY has a moderately low P/E Ratio (3.544) as compared to the industry average of (8.857). Projected Growth (PEG Ratio) (0.657) is also within normal values, averaging (2.584). Dividend Yield (0.093) settles around the average of (0.100) among similar stocks. P/S Ratio (1.271) is also within normal values, averaging (2.430).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BACHY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry MajorBanks