Changjiang keeps Buy on Bank of Comms stock

Published on 10/09/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit rose 4.04 percent to RMB 47.87 billion. Bank of Comms stock costs EUR 0.94 in trading on October 9, 2026, unchanged versus its prior close.

Key points in brief

Changjiang Securities maintained a Buy rating on Bank of Communications on September 23, 2026.
First-half net profit rose 4.04 percent to RMB 47.87 billion, while net operating income increased 6.77 percent.
The Lang & Schwarz price was EUR 0.94 on October 9, 2026, unchanged from the prior close.
The bank trades on the Shanghai Stock Exchange under ticker 601328 and has a market capitalization of CNY 687.5 billion.

Bank of Comms, CNE100000205, Illustration mit AI erstellt.

Bank of Communications (CNE100000205) was trading at EUR 0.94 at Lang & Schwarz on October 9, 2026 at 12:31 p.m. CEST, unchanged from the prior close. On September 23, 2026, Changjiang Securities maintained a Buy rating and cited 4.0 percent first-half net profit growth, according to Futu.

Interim profit accelerates

Bank of Communications reported RMB 47.874 billion in net profit attributable to shareholders for the first half of 2026, up 4.04 percent year over year. Net operating income reached RMB 142.540 billion, an increase of 6.77 percent, while net interest income rose 8.62 percent to RMB 92.592 billion, according to Moomoo in its September 29, 2026 interim-report publication.

The net interest margin was 1.23 percent in the first half of 2026, up 2 basis points from the same period in 2025. The cost-to-income ratio fell 2.47 percentage points year over year to 27.47 percent, while the non-performing loan ratio stood at 1.30 percent.

Three dated signals for investors

On August 28, 2026, the interim results established the 4.04 percent profit increase and the 6.77 percent rise in net operating income. On September 9, 2026, DBS raised its 12-month price target to HKD 8.50 and set an A-share target of RMB 8.55 while retaining a Buy rating, according to DBS.

On September 23, 2026, Changjiang Securities said first-half revenue growth was 6.7 percent and shareholder net profit growth was 4.0 percent, compared with 4.9 percent and 3.1 percent in the first quarter. Its report also cited expected 2026 dividend yields of 4.6 percent for the A shares and 5.0 percent for the H shares, according to Futu.

What does the valuation signal mean?

The 2026 A-share and H-share price-to-book ratios cited by Changjiang Securities were 0.56 and 0.52, respectively. That contrast places the valuation discussion alongside the bank's improving margin, but the 1.30 percent non-performing loan ratio keeps asset quality central to the outlook.

Stock holds at EUR 0.94

The Lang & Schwarz price was EUR 0.94 in trading on October 9, 2026 at 12:31 p.m. CEST, unchanged versus the EUR 0.94 prior close on October 8, 2026. On the Shanghai Stock Exchange, the stock was last at CNY 7.78 on October 9, 2026 at 3:00 p.m. CST, while its market capitalization was CNY 687.5 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of Bank of Comms stock.