0939.HK
Strong BuySecond WindAI neutralChina Construction Bank Corporation · Financial Services · China · $321.7B
HKD 9.66 +0.4% · close 8 Oct · scored 9 Oct
Second Wind: Cheap and rising again, but the business does not yet earn the optimism.
Read our full research report on 0939.HK (Apr 2026), freeDoes StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
China Construction Bank is one of China's four largest state-owned banks, with a dividend yield reported near 9%. It is cheap and financially stable, but net interest margins are under pressure from policy rate cuts, property-sector loan quality remains a concern, and state ownership means lending is steered by policy rather than shareholder returns. Local commentary itself describes it as an income stock without much prospect of price appreciation.
ABOUT CHINA CONSTRUCTION BANK CORPORATION
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China Construction Bank Corporation is one of China's 'Big Four' state-owned commercial banks, providing comprehensive financial services ranging from corporate and personal banking to treasury operations. Its immense scale, extensive national branch network, and strong government backing create a formidable competitive moat and ensure systemic importance within the Chinese financial system. The bank holds a dominant market position, particularly in infrastructure project financing, making it a critical component of China's economy.
FINANCIAL SUMMARY (HKD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 964.5B | 917.5B | 901.1B | 875.1B | 891.9B | -1.9% | 732.2B | 968.5B | 1.0T | 7.4% |
| EPS (HKD) | 1.40 | 1.50 | 1.54 | 1.54 | 1.52 | 2.2% | 1.52 | 1.56 | 1.63 | 3.3% |
| Shares | 250.0B | 250.0B | 250.0B | 250.0B | 261.6B | +4.6% | 240.4B | — | — | — |
| Debt | 1.9T | 2.4T | 2.7T | 3.4T | 3.6T | 17.5% | 7.4T | — | — | — |
| Equity | 3.0T | 3.3T | 3.7T | 3.9T | 4.3T | 9.1% | — | — | — | — |
| Op CF | 512.0B | 1.1T | 753.7B | 396.3B | 2.5T | 48.1% | -614.8B | — | — | — |
| Inv CF | -608.0B | -764.0B | -962.9B | -812.1B | -2.1T | — | — | — | — | — |
| Fin CF | 18.9B | -7.5B | -55.5B | -8.4B | 192.0B | — | — | — | — | — |
Calmer than 89% of stocks we rank over the past year (21% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of 0939.HK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 0939.HK | China Construction Bank Corporation(you) | $321.7B | 94 | Strong Buy |
| 1398.HK | Industrial and Commercial Bank of China Limited | $346.1B | 93 | Strong Buy |
| 1288.HK | Agricultural Bank of China Limited | $294.3B | 90 | Strong Buy |
| 3988.HK | Bank of China Limited | $248.4B | 91 | Strong Buy |
| H1SB34.SA | HSBC Holdings plc | $343.7B | 78 | Buy |
| 3328.HK | Bank of Communications Co., Ltd. | $93.1B | 94 | Strong Buy |
| BBVA.MX | Banco Bilbao Vizcaya Argentaria, S.A. | $155.3B | 81 | Strong Buy |
| UBSN.MX | UBS Group AG | $152.1B | 71 | Buy |
| BSD2.DE | Banco Santander, S.A. | $208.3B | 65 | Hold |
| BCY.DE | Barclays PLC | $82.0B | 76 | Buy |
Peer medians: ROE 10.1% · P/E 12.1x · Gross margin 86.3%
Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.