Ping An Bank Co Ltd Class A
000001: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥89.00 | Kywx | Cpdmxgx |
PAB Reported Strong Net Profit Growth at Double Digits Despite Contraction in Fee Income
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’re positive about its transformation, given its ability to leverage its parent’s huge customer base and integrated offline and online financial platform.