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Here's Why We Think Bank of Chongqing (HKG:1963) Might Deserve Your Attention Today

Here's Why We Think Bank of Chongqing (HKG:1963) Might Deserve Your Attention Today

這是我們認爲重慶銀行(HKG:1963)今天可能值得你關注的原因
Simply Wall St ·  12/25 07:21

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad.

對於初學者來說,購買一家能給投資者講述美好故事的公司(即使它目前缺乏營業收入和利潤的業績記錄)似乎是個不錯的主意(也是一個令人興奮的前景)。但現實是,當一個公司每年都虧損的時間足夠長時,它的投資者通常會分擔這些損失。虧損的公司可能像海綿一樣吸收資金,因此投資者應該謹慎,不要在壞的投資上繼續投入好錢。

So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Bank of Chongqing (HKG:1963). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it.

因此,如果高風險高收益的理念不適合你,你可能更感興趣的是像重慶銀行(HKG:1963)這樣的盈利性成長公司。雖然利潤並不是投資時唯一需要考慮的指標,但值得注意能夠持續產生利潤的企業。

How Fast Is Bank of Chongqing Growing Its Earnings Per Share?

重慶銀行每股收益的成長速度有多快?

Even with very modest growth rates, a company will usually do well if it improves earnings per share (EPS) year after year. So EPS growth can certainly encourage an investor to take note of a stock. Bank of Chongqing has grown its trailing twelve month EPS from CN¥1.32 to CN¥1.40, in the last year. That's a modest gain of 6.0%.

即使增長率非常溫和,如果一家公司年年能夠提高每股收益(EPS),通常也會表現良好。因此,EPS的增長確實可以鼓勵投資者關注一隻股票。 重慶銀行在過去一年中,每股收益從CN¥1.32增長到CN¥1.40,增長幅度爲6.0%。

Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. Our analysis has highlighted that Bank of Chongqing's revenue from operations did not account for all of their revenue in the previous 12 months, so our analysis of its margins might not accurately reflect the underlying business. It seems Bank of Chongqing is pretty stable, since revenue and EBIT margins are pretty flat year on year. That's not bad, but it doesn't point to ongoing future growth, either.

營業收入的增長是可持續增長的一個重要指標,加上較高的息稅前利潤(EBIT)利潤率,這對一家公司在市場中維持競爭優勢是一個很好的方式。我們的分析顯示,重慶銀行過去12個月的營業收入並沒有佔到其所有收入,因此我們對其利潤率的分析可能無法準確反映其基礎業務。看起來重慶銀行相當穩定,因爲其營業收入和EBIT利潤率年年都很平穩。這並不算差,但也並不指向未來的持續增長。

In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image.

在下面的圖表中,您可以看到公司隨時間增長的收益和營業收入。欲了解更詳細的信息,請單擊圖片。

big
SEHK:1963 Earnings and Revenue History December 24th 2024
港交所:1963 盈利和營業收入歷史 2024年12月24日

While profitability drives the upside, prudent investors always check the balance sheet, too.

盈利能力推動上漲,但謹慎的投資者也總是檢查資產負債表。

Are Bank of Chongqing Insiders Aligned With All Shareholders?

重慶銀行的內部人士是否與所有股東的利益一致?

Prior to investment, it's always a good idea to check that the management team is paid reasonably. Pay levels around or below the median, can be a sign that shareholder interests are well considered. Our analysis has discovered that the median total compensation for the CEOs of companies like Bank of Chongqing with market caps between CN¥15b and CN¥47b is about CN¥3.5m.

在投資之前,檢查管理團隊的薪酬合理性總是個好主意。薪酬水平在中位數附近或以下,可能是股東利益被認真考慮的一個標誌。我們的分析發現,市場資本在150億到470億人民幣之間的類似重慶銀行公司的CEO的中位數總薪酬約爲350萬人民幣。

Bank of Chongqing's CEO only received compensation totalling CN¥249k in the year to December 2023. You could consider this pay as somewhat symbolic, which suggests the CEO does not need a lot of compensation to stay motivated. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. Generally, arguments can be made that reasonable pay levels attest to good decision-making.

重慶銀行的CEO在截至2023年12月的一年中僅獲得了總共24.9萬人民幣的薪酬。你可以將這筆薪酬視爲某種象徵,這表明CEO不需要大量薪酬來保持動力。雖然CEO薪酬的水平不應該是評估公司時最大的考量因素,但適度的薪酬是積極的,因爲這表明董事會考慮了股東的利益。一般來說,有理由認爲合理的薪酬水平證明了良好的決策。

Is Bank of Chongqing Worth Keeping An Eye On?

我們該關注重慶銀行嗎?

One important encouraging feature of Bank of Chongqing is that it is growing profits. On top of that, our faith in the board of directors is strengthened by the fact of the reasonable CEO pay. So all in all Bank of Chongqing is worthy at least considering for your watchlist. Of course, profit growth is one thing but it's even better if Bank of Chongqing is receiving high returns on equity, since that should imply it can keep growing without much need for capital. Click on this link to see how it is faring against the average in its industry.

重慶銀行一個重要的鼓舞人心的特點是它正在增長營業收入。 此外,我們對董事會的信心也因合理的CEO薪酬而增強。因此,總的來說,重慶銀行至少值得考慮加入你的自選名單。 當然,盈利增長是一回事,但如果重慶銀行的股本回報率也很高,那就更好了,因爲這意味着它可以在不需要太多資本的情況下繼續增長。點擊此鏈接查看它在行業板塊中的平均表現如何。

There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of Hong Kong companies which have demonstrated growth backed by significant insider holdings.

總是有可能購買那些不增長盈利且沒有內部人士買入股票的股票獲得好收益。但是對於那些認爲這些重要指標的人,我們鼓勵你檢查一下那些具有這些特徵的公司。你可以訪問一個定製的香港公司列表,這些公司展示了由內部持股顯著支持的增長。

Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

請注意,本文討論的內部交易是指在相關管轄區內可報告的交易。

Have 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.

對本文有反饋?對內容有疑慮?請直接與我們聯繫。或者,發送電子郵件至 editorial-team (at) simplywallst.com。
這篇來自Simply Wall ST的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall ST在提到的任何股票中均沒有持倉。

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