Ping An Bank Co Ltd Class A
000001: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥52.00 | Bqk | Nthgvfgbs |
Ping An Bank Reported Strong Rebound in Third-Quarter NIM and Net Interest Income Growth
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.