PSBC's Q1 Profit, Operating Income Slip; Shares Down 4%

MT Newswires02:30 ET

UBS Group: Assigns a "Neutral" rating to Postal Savings Bank Of China (01658) with a Target Price of 4.5 HKD.

UBS Group expects that the market's reaction to Postal Savings Bank's first quarter performance will be neutral.

Zhitong Finance23:25 ET

China Mainland Banking stocks are weakening, CM BANK (03968) is down 5.51%, many banks' net profits fell year-on-year in the first quarter.

Jinwu Finance News | China Mainland Banking stocks are weak. As of press time, SHENGJINGBANK (02066) fell by 8.57%, CM BANK (03968) fell by 5.51%, Postal Savings Bank Of China (01658) fell by 5.36%, Industrial And Commercial Bank Of China (01398) fell by 4.74%, China Construction Bank Corporation (00939) fell by 4.23%, and Bank Of Communications (03328) fell by 3.96%. In terms of news, several banks announced their performance for the first quarter of 2025. Among them, China Construction Bank Corporation's net profit in the first quarter decreased by 3.99% year-on-year; Industrial And Commercial Bank Of China's net profit in the first quarter decreased by 3.99% year-on-year; Bank Of China’s net profit in the first quarter year-on-year.

Jinwu Financial News21:59 ET

Postal Savings Bank Of China (01658.HK) will release its Earnings Reports on April 30.

$Postal Savings Bank Of China (01658.HK) will release its Earnings Reports on April 30, and investors are advised to pay attention. What were the previous results? For Q1 2024, revenue is 89.494 billion yuan, Net income is 25.957 billion yuan, and EPS is 0.25 yuan. Futubull reminder: 1. There are no strict regulations on the fiscal year division for companies listed on Hong Kong and US stock markets; it is entirely determined by the company itself, so each Earnings Reports period can serve as the end date for the company's annual report, rather than being based on the calendar year. 2. Generally, the company will hold an Earnings Reports meeting on or around the date of the aforementioned Earnings Reports release.

Moomoo News21:45 ET

Hong Kong stocks movement | Postal Savings Bank Of China (01658) fell nearly 5% after results as retail loan Assets quality faces temporary pressure, with net profit in the first quarter down 2.62% year-on-year.

Postal Savings Bank Of China (01658) fell nearly 5% after the earnings announcement, as of the time of writing, down 4.95% at 4.61 Hong Kong dollars, with a transaction volume of 76.1353 million Hong Kong dollars.

Zhitong Finance21:39 ET

Postal Savings Bank Of China (601658.SH) announced its first-quarter performance, with a net income of 25.246 billion yuan, a year-on-year decrease of 2.62%.

Postal Savings Bank Of China (601658.SH) released its first-quarter report for 2025, with revenue of 893....

Zhitong Finance12:03 ET