China Merchants Bank Co Ltd Class H
03968: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$51.00 | Yqsqvd | Hvxsgvwffq |
China Merchants Bank: Lowering Valuation as Fee Income and Margin Pressure Dampen Outlook
Business Strategy and Outlook
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.