Skip to Content

China Merchants Bank Co Ltd Class H - Stock Quote 03968

Rating as of

Morningstar's China Merchants Bank Co Ltd Class H Stock Analysis

Valuation
Currency in HKD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

CMB’s Q1 Results Saw Impact of Equity Market Turmoil and COVID-19 Controls

Iris Tan, CFA Senior Equity Analyst

Business Strategy and Outlook

| Iris Tan, CFA |

Amid China’s challenging economic headwinds, China Merchants Bank, or CMB, stands out thanks to its leading position in retail banking business and enviable funding costs advantage, which delivers one of the strongest returns on assets among peers. We believe strong returns and competitive advantages endow it with a narrow economic moat.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics - 03968

China Merchants Bank Co Ltd Class H's Company Profile

Business Description

China Merchants Bank, with headquarters in Shenzhen, was founded in 1987. The bank is China's seventh- largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network is expanding rapidly. Its outlets are located mainly in China's more developed areas, such as the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 52%, 42%, and 6% of total profit before tax, respectively, and 52%, 45%, and 3% of total revenue in 2021.

Contact
No. 7088 Shennan Boulevard, 19 Floor, China Merchants Bank Building
Shenzhen, 518040, China, People's Republic of
T +86 75583198888
Industry Banks - Regional
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 103,669