Ping An Bank Co Ltd Class A
000001: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥28.00 | Ghc | Vqrsrcq |
PAB's Business Restructuring Is Progressing Well
Business Strategy and Outlook
Ping An Bank, or PAB, has been transforming into a retail-focused bank. While we believe it has yet to earn a moat, we believe PAB is a high-quality bank among our Chinese bank coverage. We’re positive on its restructuring, thanks to its ability to leverage its parent’s huge customer base and integrated offline and online financial platform.