Want to see HK:3328 full AI Analyst Report?
Top Page
Bank of Communications Co
(3328)
Select Model
Select Model
Rating:71Outperform
Price Target:
HK$8.50
â–²(12.29% Upside)
Action:Upgraded
Date:08/29/26
The score is driven by attractive valuation (low P/E and ~4.9% dividend yield) and constructive technical momentum (price above major moving averages with positive MACD). Offsetting these positives, fundamentals are capped by elevated leverage and uneven cash-flow history despite stable earnings and a rebound in TTM revenue.
Positive Factors
Revenue rebound and profitability
The revenue rebound and healthy net margin indicate renewed operating scale and earnings capacity. If sustained, this broad banking franchise can convert improved activity into durable profitability across corporate, retail and financial-market services.
Negative Factors
Elevated leverage
Higher leverage means greater reliance on funding markets and liabilities relative to equity. It can increase sensitivity to credit losses, funding-cost changes and market stress, potentially constraining flexibility during a weaker banking cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and profitability
The revenue rebound and healthy net margin indicate renewed operating scale and earnings capacity. If sustained, this broad banking franchise can convert improved activity into durable profitability across corporate, retail and financial-market services.
Read all positive factors
Bank of Communications Co (3328) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$759.80B
Dividend Yield4.66%
Average Volume (3M)28.30M
Price to Earnings (P/E)6.9
Beta (1Y)0.53
Revenue Growth-0.80%
EPS Growth-10.99%
CountryHK
Employees97,932
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)1.08
Shares Outstanding35,011,863,000
10 Day Avg. Volume34,002,252
30 Day Avg. Volume28,298,050
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.40
Price to Sales (P/S)0.95
P/FCF Ratio5.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.60Price Target Upside13.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.07
Revenue Forecast (FY)HK$279.75B
Bank of Communications Co Business Overview & Revenue Model
Company Description
Bank of Communications Co., Ltd. (BoCom) operates as a commercial bank, offering a broad spectrum of financial products and services. For individual clients, BoCom delivers a suite of personal banking solutions. These include diverse deposit optio...
How the Company Makes Money
Bank of Communications makes money primarily through a mix of interest-based income and fee/commission-based income, supported by treasury and financial markets activities.
1) Net interest income (core earnings driver): The bank collects interest...
Bank of Communications Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 428.89B | 498.85B | 207.03B | 200.62B | 196.38B | 202.74B |
| Gross Profit | 250.68B | 206.28B | 207.03B | 200.62B | 196.38B | 202.74B |
| EBITDA | 113.92B | 120.09B | 122.85B | 117.98B | 114.27B | 108.80B |
| Net Income | 97.14B | 93.15B | 93.59B | 92.73B | 92.10B | 87.58B |
Balance Sheet | ||||||
| Total Assets | 16.26T | 15.56T | 14.90T | 14.06T | 12.99T | 11.67T |
| Cash, Cash Equivalents and Short-Term Investments | 756.50B | 702.15B | 1.44T | 1.56T | 1.44T | 1.29T |
| Total Debt | 4.69T | 4.66T | 641.92B | 1.07T | 955.47B | 970.54B |
| Total Liabilities | 15.03T | 14.27T | 13.75T | 12.96T | 11.96T | 10.69T |
| Stockholders Equity | 1.21T | 1.19T | 1.14T | 1.09T | 1.02T | 964.65B |
Cash Flow | ||||||
| Free Cash Flow | 50.08B | 80.60B | -99.52B | 89.73B | 336.57B | -57.72B |
| Operating Cash Flow | 94.28B | 120.04B | -57.35B | 137.32B | 368.22B | -34.77B |
| Investing Cash Flow | -288.76B | -747.26B | -98.09B | -116.62B | -284.90B | -75.55B |
| Financing Cash Flow | -254.14B | 593.05B | 42.52B | 4.89B | -32.98B | 1.31B |
Bank of Communications Co Technical Analysis
Positive
7.57
Price Trends
7.26
Positive
7.17
Positive
6.89
Positive
Market Momentum
0.17
Negative
73.15
Negative
84.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3328, the sentiment is Positive. The current price of 7.57 is above the 20-day moving average (MA) of 7.53, above the 50-day MA of 7.26, and above the 200-day MA of 6.89, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 73.15 is Negative, neither overbought nor oversold. The STOCH value of 84.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3328.
Bank of Communications Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.29T | 8.01 | 8.41% | 4.30% | 2.02% | 1.80% | |
74 Outperform | HK$1.25T | 7.14 | 12.33% | 4.38% | -0.16% | 5.69% | |
72 Outperform | HK$2.80T | 8.39 | 9.73% | 6.56% | 4.19% | 7.85% | |
71 Outperform | HK$759.80B | 6.87 | 8.14% | 4.66% | -0.80% | -10.99% | |
70 Outperform | HK$2.62T | 8.38 | 9.62% | 4.60% | 2.44% | 5.10% | |
69 Neutral | HK$3.23T | 10.42 | 9.18% | 4.67% | 0.92% | 6.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
HK:3328
Bank of Communications Co
7.88
1.51
23.76%
HK:1288
Agricultural Bank of China
6.38
1.23
23.91%
HK:3988
Bank of China
5.95
1.84
44.86%
HK:0939
China Construction Bank
9.54
2.31
32.03%
HK:3968
China Merchants Bank Co
51.90
7.03
15.66%
HK:1398
Industrial and Commercial Bank of China
7.51
2.01
36.68%
Bank of Communications Co Corporate Events
Bank of Communications Proposes Interim Dividend for First Half of 2026
Aug 28, 2026
Bank of Communications Co., Ltd., one of China’s leading commercial banks with shares listed on the Hong Kong Stock Exchange, has announced a proposed interim ordinary cash dividend of RMB 0.168 per share for the six months ended 30 June 202...
Bank of Communications Proposes Governance Changes to Articles of Association
Aug 28, 2026
Bank of Communications Co., Ltd. has announced that its board of directors resolved on 28 August 2026 to propose amendments to the bank’s articles of association. The board also seeks authorization from the general meeting to empower the boa...
Bank of Communications Proposes RMB14.8 Billion Interim Dividend for 2026
Aug 28, 2026
Bank of Communications Co., Ltd. has approved a 2026 interim profit distribution plan that includes a cash dividend of RMB0.168 per ordinary share, based on 88,363,784,223 shares, for a total payout of about RMB14.845 billion. The plan, which excl...
Bank of Communications posts higher profit and stronger capital in 2026 interim results
Aug 28, 2026
Bank of Communications Co., Ltd. reported solid interim results for the six months ended 30 June 2026, with total assets rising 4.58% to RMB16.26 trillion and customer deposits growing 6.53%, underscoring ongoing balance-sheet expansion. Loans and...
Bank of Communications Schedules Webcast Briefing for 2026 Interim Results
Aug 19, 2026
Bank of Communications Co., Ltd., one of China’s leading joint stock commercial banks listed in Hong Kong, serves retail and corporate customers with comprehensive financial and banking services. Its governance structure includes executive, ...
Bank of Communications Sets Board Meeting to Review Interim Results and Possible Dividend
Aug 18, 2026
Bank of Communications Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve the interim financial results of the bank and its subsidiaries for the six months ended 30 June 2026. The board will also consider the declarat...
Bank of Communications Raises RMB40 Billion via 2026 Tier 2 Capital Bonds
Jul 23, 2026
Bank of Communications Co., Ltd. has completed the issuance of its 2026 Tier 2 Capital Bonds (Series 2) via the China Interbank Bond Market under the Bond Connect scheme, strengthening its access to onshore and cross-border investors. The ten-year...
Bank of Communications Sets Final 2025 Dividend and Details Tax Terms for Hong Kong Shareholders
Jul 13, 2026
Bank of Communications Co., Ltd. has proposed a final ordinary cash dividend of RMB 1.684 per 10 shares for the financial year ended 31 December 2025, with Hong Kong shareholders to receive HKD 1.944245 per 10 shares based on an exchange rate of R...
Bank of Communications Shareholders Approve All Resolutions at 2025 AGM
Jun 26, 2026
Bank of Communications Co., Ltd. reported that shareholders overwhelmingly approved all key resolutions at its 2025 annual general meeting held in Shanghai on 26 June 2026. Investors endorsed the board report and financial statements for 2025, sig...
Bank of Communications Sets Final 2025 Dividend and Updates Tax, Currency Election Details
Jun 26, 2026
Bank of Communications Co. has proposed a final ordinary cash dividend of RMB 1.684 per 10 shares for the financial year ended 31 December 2025, with shareholders approving the payout on 26 June 2026. The dividend will be payable in Hong Kong doll...
Bank of Communications Sets 2025 AGM to Approve Results, Investments and Board Changes
Jun 5, 2026
Bank of Communications Co., Ltd. has scheduled its 2025 annual general meeting for June 26, 2026, in Shanghai, where shareholders will review the board’s 2025 report, the annual financial statements and the proposed profit distribution plan....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.