China Merchants Bank traded at 41.26 this Wednesday September 30th, increasing 0.75 or 1.85 percent since the previous trading session. Looking back, over the last four weeks, China Merchants Bank gained 2.84 percent. Over the last 12 months, its price rose by 2.31 percent. Looking ahead, we forecast China Merchants Bank to be priced at 39.71 by the end of this quarter and at 36.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
China Merchants Bank Co., Ltd. (the Bank) is a China-based commercial bank. The Bank operates its businesses through three segments, which are Wholesale Finance segment, Retail Finance segment and Other segment. Wholesale Finance segment consists of savings and loans; settlement and cash management services; trade finance and offshore business; investment banking; interbank lending, buyback and other interbank business; asset custody business; financial market business and other businesses. Retail Finance segment includes savings and loans, bank card services, wealth management, private banking and other services. Other segment consists of investment real estates and the operations of the Company’s subsidiaries, affiliated companies and joint venture companies. The Company operates its business in domestic market and to overseas markets, with China as its main market.