Postal Savings Bank of China, CNE1000029W3

Yangtze Securities keeps Buy rating for Postal Savings Bank of China stock

Published on 10/21/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Postal Savings Bank of China stock trades at EUR 0.64 on October 21, 2026. First-half income rose 7.26 percent year over year.

Analyst view and interim results

Yangtze Securities maintained its Buy rating on September 23, 2026.
First-half operating income rose 7.26 percent to RMB 192.482 billion.
Postal Savings Bank of China stock trades at EUR 0.64 at 10:36 a.m. CEST at Lang & Schwarz on October 21, 2026.

Postal Savings Bank of China, CNE1000029W3, Illustration mit AI erstellt.

Postal Savings Bank of China stock is at EUR 0.64 at Lang & Schwarz on October 21, 2026, while Yangtze Securities maintained its Buy rating on September 23, 2026. The bank's first-half operating income rose 7.26 percent year over year to RMB 192.482 billion, giving the latest analyst view a stronger operating backdrop.

Interim figures show two drivers

Postal Savings Bank of China disclosed its 2026 interim report on August 28, 2026. According to Futu, net profit attributable to shareholders reached RMB 51.503 billion, up 4.62 percent year over year. Non-interest net income rose 12.25 percent to RMB 45.34 billion, while net interest income increased 5.82 percent to RMB 147.15 billion.

The mix matters because fee-based activity grew faster than total income. The bank's cost-to-income ratio declined to 52.02 percent from 54.70 percent a year earlier, a 2.68 percentage-point improvement during the first half of 2026.

What does the risk profile mean

The latest research also points to a trade-off between expansion and asset quality. In its September 22, 2026 commentary, Futu reported that corporate loans grew 14.08 percent from year-end, compared with 1.30 percent growth in personal loans. The net interest margin stood at 1.63 percent, down 7 basis points year over year.

Asset quality is the counterweight. The non-performing loan ratio reached 1.00 percent at the end of the first half, 5 basis points higher than at year-end, while the retail-loan non-performing loan ratio rose to 1.58 percent. That leaves corporate lending and fee income as the clearer growth supports, while retail credit remains the main risk variable.

Three dated signals shape the story

On August 28, 2026, the bank disclosed first-half operating income of RMB 192.482 billion. On September 22, 2026, Pacific Securities highlighted 12.25 percent growth in non-interest net income and a 1.00 percent non-performing loan ratio. On September 23, 2026, Futu reported that Yangtze Securities maintained a long-term Buy rating and cited 2026 price-to-book valuations of 0.61 times for the A shares and 0.52 times for the H shares.

Market value and trading view

Postal Savings Bank of China is listed in Shanghai under ticker 601658. Its market capitalization was CNY 561.3 billion as of October 21, 2026, and the 52-week range was CNY 4.76 to CNY 6.13. The operating figures show why analysts are emphasizing non-interest income, but the 1.00 percent non-performing loan ratio keeps credit quality central to the investment discussion.

The stock was trading at EUR 0.64 at Lang & Schwarz on October 21, 2026 at 10:36 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Postal Savings Bank of China stock.