Bank of Communications First Half 2024 Earnings: Misses Expectations

Simply Wall St.08-31

Bank of Communications (HKG:3328) First Half 2024 ResultsKey Financial Results Revenue: CN¥99.5b (down 1.4% from 1H 2023). Net income: CN¥41.8b (down 1.8% from 1H 2023). Profit margin: 42% (in line ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2463744656?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/7012000-choice1-main-header/1585186660482","is_english":true,"pubTime":"2024-08-31 09:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2463744656","market":"hk","top_or_hot":-1,"title":"Bank of Communications First Half 2024 Earnings: Misses Expectations","media":"Simply Wall St.","content":"<div>\n<p>Bank of Communications (HKG:3328) First Half 2024 ResultsKey Financial Results Revenue: CN¥99.5b (down 1.4% from 1H 2023). Net income: CN¥41.8b (down 1.8% from 1H 2023). Profit margin: 42% (in line ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/banks/hkg-3328/bank-of-communications-shares/news/bank-of-communications-first-half-2024-earnings-misses-expec\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of Communications First Half 2024 Earnings: Misses Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of Communications First Half 2024 Earnings: Misses Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-31 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/banks/hkg-3328/bank-of-communications-shares/news/bank-of-communications-first-half-2024-earnings-misses-expec><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of Communications (HKG:3328) First Half 2024 ResultsKey Financial Results Revenue: CN¥99.5b (down 1.4% from 1H 2023). Net income: CN¥41.8b (down 1.8% from 1H 2023). Profit margin: 42% (in line ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/banks/hkg-3328/bank-of-communications-shares/news/bank-of-communications-first-half-2024-earnings-misses-expec\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://simplywall.st/stocks/hk/banks/hkg-3328/bank-of-communications-shares/news/bank-of-communications-first-half-2024-earnings-misses-expec","article_id":"2463744656","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7012000-choice1-main-header/1585186660482"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463744656","pubTimestamp":1725067004,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Bank of Communications ( HKG:3328 ) First Half 2024 Results Key Financial Results Revenue: CN¥99.5b (down 1.4% from 1H...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","TTM.AU":"TITAN MINERALS LTD","SG9999001093.SGD":"United Greater China Fund A Acc SGD","03328":"交通银行","BK4523":"印度概念","TTM":"塔塔汽车","BK4099":"汽车制造商","BK1231":"综合性银行","BK1560":"内银股"},"translate_title":"交通银行2024年上半年盈利：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03328":1,"TTM":1,"TTM.AU":1},"content_text":"Bank of Communications (HKG:3328) First Half 2024 ResultsKey Financial Results Revenue: CN¥99.5b (down 1.4% from 1H 2023). Net income: CN¥41.8b (down 1.8% from 1H 2023). Profit margin: 42% (in line with 1H 2023). EPS: CN¥0.56 (down from CN¥0.57 in 1H 2023).  SEHK:3328 Earnings and Revenue Growth August 31st 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Bank of Communications Revenues and Earnings Miss Expectations  Revenue missed analyst estimates by 25%.  Earnings per share (EPS) also missed analyst estimates by 9.7%.      Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Banks industry in Hong Kong.    Performance of the Hong Kong Banks industry.  The company's shares are down 8.0% from a week ago.   Balance Sheet Analysis Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet.  We've done some analysis and you can see our take on Bank of Communications' balance sheet. Valuation is complex, but we're here to simplify it.Discover if Bank of Communications might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463744656"}