CCB's dividend payout ratio was stable at 30.5% last year, and the dividend rate for H shares was 9.2%, which is quite attractive.
The Zhitong Finance App learned that Bank of America Securities released a research report stating that it maintains CCB's (00939) “buy” rating. The dividend ratio stabilized at 30.5% last year, and the dividend rate for H shares was 9.2%, which is quite attractive. As a result, the target price increased from HK$6.58 to HK$6.85. Profit attributable to the company's shareholders before excluding additional Tier 1 capital bonds (AT1) last year increased 2.4% year-on-year to RMB 332.7 billion, which is better than the forecast. At the same time, although the net interest spread for the fourth quarter of last year narrowed by 11 points on a quarterly basis, the impact was partially offset by better investment returns.