China Merchants Bank Co Ltd Class A

600036: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥22.00	Sdrmyp	Xbxxvysyv

We Expect Easing Revenue Pressures for CMB in the Second Half of 2024

Iris Tan

Aug 7, 2024

Business Strategy and Outlook

China Merchants Bank stands out thanks to its leading position in retail banking and an enviable funding cost advantage, which delivers one of the strongest returns on assets among peers. We expect its well-positioned customer base will allow CMB to deliver above-peer equity return during cyclical downturns.

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