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Agricultural Bank of China (1288) AI Stock Analysis
Agricultural Bank of China
(HKEX:1288)
The score is anchored by mixed financial performance: strong reported growth/profitability is tempered by a sharp leverage increase and weaker recent cash-flow generation. Offsetting this, technicals are clearly bullish (price above key moving averages with positive MACD) and valuation is attractive (low P/E and solid dividend yield). Earnings-call commentary supports the outlook with improving margins, asset-quality metrics, and higher interim payout, while acknowledging funding repricing and risk-control challenges.
Agricultural Bank of China (1288) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 314.98B
- Dividend Yield
- 4.35%
- Average Volume (3M)
- 86.34M
- Price to Earnings (P/E)
- 9.0
- Beta (1Y)
- 0.67
- Revenue Growth
- 7.26%
- EPS Growth
- 11.77%
- Country
- Hong Kong
- Employees
- 457,835
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Banks - Diversified
Agricultural Bank of China Business Overview & Revenue Model
Company Description
Agricultural Bank of China Limited offers an extensive array of banking and financial services designed for both corporate entities and individual customers. The company's operations are segmented into Corporate Banking, Personal Banking, and Treasur...
How the Company Makes Money
Agricultural Bank of China makes money primarily through a mix of net interest income and non-interest (fee and commission) income, supplemented by treasury/market activities and other operating income typical of a universal commercial bank. 1) Net i...
Agricultural Bank of China Earnings Call Summary
The call highlighted broad, measurable progress across profit, revenue, deposits, financing, asset coverage and digital/fintech initiatives, with management also candidly outlining areas needing continued attention (inclusive retail asset quality, deposit repricing, real-estate/platform risk and AI controls). The positive operating and funding trends, strong coverage ratios and a raised interim dividend outweigh the flagged challenges, while management set concrete mitigation actions.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The call guided that management expects to sustain H2 momentum while prioritizing rural revitalization, strict risk control, deposit franchise strength and AI‑driven digitalization: H1 metrics cited included net profit +5.8% YoY, operating income +11.2% YoY, return on net assets 10.14%; financing growth in H1 exceeded CNY3.0 trillion (loans & bonds increases ~CNY2.2 trillion; local/foreign currency loans +CNY1.69 trillion, +6.2%; bond investment +CNY1.52 trillion, +9.6%); average daily core deposits CNY29.59 trillion (+CNY3.67 trillion, +10.2%); NIM 1.28% (+2 bp q/q) and deposit funding cost 1.13% (‑21 bp from year‑end); NPLs declined (cited a 2 bp drop to ~1.25%), provision coverage ~290.1% with provisions >CNY1 trillion and watch‑list coverage 138%; inclusive loans CNY4.88 trillion (+~CNY432 billion) serving 5.58 million MSMEs; customer counts: 905 million personal, 14 million corporate, 76.98 million cardholders; other highlights: AIC pilot funds 31, fintech investments >CNY5.7 billion, cross‑border RMB settlement CNY1.96 trillion, average daily distributed core trading CNY1.96 billion (+17%); the board raised the interim dividend to 31% (CNY1.297 per 10 shares). Management reiterated plans to capture deposit repricing benefits and further lower liability costs, target ~40% country‑level business contribution while adding county outlets, accelerate AI/smart‑bank adoption (with controls for AI risk), optimize credit structure and preserve strong capital/asset‑quality buffers.
Agricultural Bank of China Financial Statement Overview
Summary
Income statement strength (Income Statement Score 78) is offset by balance-sheet and cash-flow risk flags: leverage rises sharply in TTM (Balance Sheet Score 58, debt-to-equity ~4.56) and operating/free cash flow steps down materially versus 2025 (Cash Flow Score 45, with steep FCF and OCF declines). Overall fundamentals are solid but less reliable due to higher leverage and weaker near-term cash conversion.
Income Statement
78PositiveBalance Sheet
58NeutralCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.40T | 1.36T | 579.72B | 559.76B | 550.02B | 555.86B |
| Gross Profit | 652.23B | 724.17B | 579.72B | 694.64B | 550.02B | 555.86B |
| EBITDA | 364.51B | 347.60B | 342.40B | 329.29B | 326.68B | 315.24B |
| Net Income | 305.73B | 291.04B | 282.08B | 269.36B | 259.23B | 241.18B |
Balance Sheet | ||||||
| Total Assets | 52.10T | 48.78T | 43.24T | 39.87T | 33.93T | 29.07T |
| Cash, Cash Equivalents and Short-Term Investments | 2.85T | 4.57T | 3.35T | 4.57T | 3.76T | 3.08T |
| Total Debt | 14.33T | 3.62T | 692.88B | 2.68T | 2.20T | 1.80T |
| Total Liabilities | 49.12T | 45.54T | 40.14T | 36.98T | 31.25T | 26.65T |
| Stockholders Equity | 2.98T | 3.24T | 3.09T | 2.89T | 2.67T | 2.41T |
Cash Flow | ||||||
| Free Cash Flow | 318.04B | 2.09T | 1.33T | 1.80T | 1.30T | 213.58B |
| Operating Cash Flow | 345.55B | 2.11T | 1.35T | 1.83T | 1.32T | 239.62B |
| Investing Cash Flow | -4.61T | -2.07T | -2.24T | -1.33T | -1.05T | -331.24B |
| Financing Cash Flow | 3.34T | 352.95B | 225.63B | 5.20T | 298.22B | 54.00B |
Agricultural Bank of China Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1288, the sentiment is Positive. The current price of 6.94 is above the 20-day moving average (MA) of 6.63, above the 50-day MA of 6.40, and above the 200-day MA of 5.72, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 68.14 is Neutral, neither overbought nor oversold. The STOCH value of 79.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1288.
Agricultural Bank of China Peers Comparison
Overall Rating
HK:139876.3Outperform
HK:398874.3Outperform
HK:093971Outperform
HK:332871Outperform- HK:128871Outperform
HK:165863Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1398 | 76Outperform | HKD 3.47T | 8.58 | 9.18% | 4.71% | ― | ― |
| HK:3988 | 74Outperform | HKD 2.45T | 8.65 | 8.69% | 4.16% | 4.95% | 5.92% |
| HK:0939 | 71Outperform | HKD 2.77T | 9.14 | 9.62% | 4.28% | 6.28% | 7.13% |
| HK:3328 | 71Outperform | HKD 840.08B | 7.99 | 8.25% | 4.27% | 2.56% | -2.30% |
| HK:1288 | 71Outperform | HKD 3.03T | 9.01 | 10.17% | 4.35% | 7.26% | 11.77% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| HK:1658 | 63Neutral | HKD 720.43B | 8.04 | 8.73% | 4.38% | 2.50% | 1.38% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1288 | Agricultural Bank of China Class H | 6.94 | 1.31 | 23.36% | |
| HK:3988 | Bank of China Class H | 6.14 | 1.87 | 43.78% | |
| HK:3328 | Bank of Communications Co Class H | 8.60 | 1.99 | 30.05% | |
| HK:0939 | China Construction Bank Corporation Class H | 10.26 | 2.75 | 36.53% | |
| HK:1398 | Industrial and Commercial Bank of China Class H | 7.89 | 2.18 | 38.15% | |
| HK:1658 | Postal Savings Bank of China Co., Ltd. Class H | 5.62 | 0.32 | 5.98% |
Agricultural Bank of China Corporate Events
Agricultural Bank of China Details Q3 2026 Risk and Capital Metrics in Pillar 3 Report
Agricultural Bank of China Limited has released its Pillar 3 Report for the third quarter of 2026, detailing its framework for risk management and key prudential regulatory metrics. The disclosure highlights the bank’s approach to risk-weighted...
Agricultural Bank of China Board Backs New Financial Bond Issuance Plan
Agricultural Bank of China Limited’s board of directors convened an on-site meeting in Beijing on 30 October 2026, with all 14 directors in attendance, to deliberate on a key funding initiative. The meeting was held in accordance with PRC laws,...
Agricultural Bank of China Posts Strong Q3 2026 Profit Amid Cash-Flow Pressure
Agricultural Bank of China reported strong unaudited results for the third quarter of 2026, highlighting solid growth in profitability under IFRS reporting. Operating income for the quarter rose 15.14% year-on-year to RMB 208.38 billion, while net pr...
Agricultural Bank of China to Host Online Briefing on Q3 2026 Results
Agricultural Bank of China will release its third-quarter 2026 financial results on 30 October 2026 and follow the disclosure with an investor presentation the same day. The bank aims to provide a more detailed view of its quarterly performance and b...
Agricultural Bank of China Sets Interim Dividend and Clarifies Tax Terms for H Shareholders
Agricultural Bank of China has announced an interim ordinary dividend for the six months ended 30 June 2026, declaring RMB 1.297 per 10 shares for the financial year ending 31 December 2026. The dividend, approved on 29 September 2026, will be paid m...
Agricultural Bank of China Sets Board Meeting to Approve Third-Quarter Results
Agricultural Bank of China’s board of directors has scheduled a meeting for 30 October 2026 to review and approve the bank’s financial results for the third quarter ended 30 September 2026. The announcement signals the upcoming release of...
Agricultural Bank of China Raises RMB40 Billion in TLAC-Eligible Bond Issue
Agricultural Bank of China Limited has completed the issuance of its 2026 Total Loss-absorbing Capacity Eligible Non-Capital Bonds (Series 3) via the National Interbank Bond Market under the Bond Connect scheme. The total issuance reached RMB40 billi...
Agricultural Bank of China Reports Poll Results for 2026 Extraordinary Meeting
Agricultural Bank of China has reported the poll results of its 2026 second extraordinary shareholders’ meeting, held in Beijing, where 5,223 shareholders and proxies representing about 95.3% of voting shares participated. The meeting addressed...
Agricultural Bank of China Sets Interim Dividend and Tax Terms for H Shareholders
Agricultural Bank of China Limited has announced the distribution of an interim ordinary dividend for the six months ended 30 June 2026, set at RMB 1.297 per 10 shares for the financial year ending 31 December 2026. The dividend for Hong Kong H share...
Agricultural Bank of China Boosts Capital with RMB50 Billion Tier 2 Note Issue
Agricultural Bank of China Limited has completed the issuance of its 2026 Tier 2 Capital Notes (Series 3) via Bond Connect in the National Interbank Bond Market. The 10-year fixed-rate notes, with a conditional redemption option at year five, carry a...
Agricultural Bank of China Confirms Appointment of New Non-Executive Director
Agricultural Bank of China Limited has confirmed that the appointment of Ms. Zhang Yuqing as a non-executive director has become effective following regulatory approval from the National Financial Regulatory Administration. She will also serve on the...
Agricultural Bank of China Updates Board and Committee Structure
Agricultural Bank of China Limited has announced the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive directors. The update clarifies board leadership and governance responsibi...
Agricultural Bank of China Seeks Shareholder Approval for A-Share Issue and MOF Subscription
Agricultural Bank of China has despatched a circular to shareholders detailing a proposed issuance of A shares under a general mandate, including an A share issuance plan and a subscription by the Ministry of Finance, alongside an application for a w...
Agricultural Bank of China Sets Timetable for 2026 Interim Dividend
Agricultural Bank of China Limited has announced an interim ordinary cash dividend for the six months ended 30 June 2026, declaring RMB 1.297 per 10 shares for the financial year ending 31 December 2026. The default payment will be in Hong Kong dolla...
Agricultural Bank of China Seeks Share Issue Mandate at 2026 Extraordinary Meeting
Agricultural Bank of China has called a second extraordinary shareholders’ meeting for 29 September 2026 in Beijing, where investors will vote on an interim profit distribution plan for 2026. The agenda underscores the bank’s intention to...
Agricultural Bank of China Seeks Fresh Share Issuance Mandate to Bolster Capital
Agricultural Bank of China has proposed a new general mandate allowing its board to issue up to 15% of its existing A and H share capital, aiming to support steady business development, enhance long-term capital management, and increase flexibility i...
Agricultural Bank of China Details Risk Profile in H1 2026 Pillar 3 Report
Agricultural Bank of China Limited has issued its Pillar 3 Report for the first half of 2026, detailing its approach to risk management and key prudential regulatory metrics. The report covers risk‑weighted assets, capital composition and total...
Agricultural Bank of China Proposes Interim Dividend for First Half of 2026
Agricultural Bank of China has proposed an interim ordinary dividend of RMB 1.297 per 10 shares for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be distributed to Hong Kong shareholders in Hong...
Agricultural Bank of China Sets 2026 Interim Payout and Preference Share Dividend
Agricultural Bank of China’s board met in Beijing and approved an interim profit distribution plan for 2026, which independent directors said complies with regulations and protects shareholders’ rights, with final approval to rest with th...
Agricultural Bank of China Boosts Capital With RMB50 Billion Tier 2 Bond
Agricultural Bank of China has completed the issuance of its 2026 Tier 2 Capital Notes (Series 2) via Bond Connect in China’s National Interbank Bond Market. The fixed-rate notes, with a 10-year maturity, were issued in an aggregate principal a...
Agricultural Bank of China Posts Strong First-Half 2026 Results and Confirms Systemic Status
Agricultural Bank of China Limited, a state-controlled commercial bank listed in Shanghai and Hong Kong, has evolved into a major integrated financial institution with a mandate to support rural revitalization and the real economy. It operates a vast...
Agricultural Bank of China Raises RMB20 Billion in Additional Tier 1 Bond
Agricultural Bank of China has completed the issuance of its 2026 Undated Additional Tier 1 Capital Bonds (Series 1) via the Bond Connect scheme in the National Interbank Bond Market, following regulatory approval. The RMB20 billion offering carries...
Agricultural Bank of China Schedules Webcast for 2026 Interim Results
Agricultural Bank of China will release its 2026 interim results on 28 August 2026 and hold an online results presentation the same day from 17:00 to 18:00 Hong Kong time. The webcast will feature President Wang Zhiheng, independent non-executive dir...
Agricultural Bank of China Sets August Board Meeting to Review Interim Results and Dividend
Agricultural Bank of China Limited, a major state-owned commercial lender in the People’s Republic of China, operates a broad franchise serving retail, corporate and rural customers, and is listed on the Hong Kong Stock Exchange under stock cod...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 31, 2026