Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Bank of China Ltd    601988   CNE000001N05

BANK OF CHINA LTD (601988)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Temasek To Raise Up To US$2.5 Billion Via Selling Shares of BOC, CCB H Shares - Term Sheet

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 01:59pm CEST

Singapore state-investment firm Temasek Holdings Pte. Ltd. is seeking to raise up to US$2.5 billion by selling its stakes in Chinese lenders Bank of China Ltd. (3988.HK) and China Construction Bank Ltd. (0939.HK) via placements, according to term sheets seen by Dow Jones Newswires.

Temasek unit Fullerton Financial Holdings Pte Ltd. plans to sell 3.079 billion shares in Hong Kong-listed Bank of China at a price range of HK$3.13 to HK$3.18 each, according to the first term sheet, raising up to US$1.26 billion. The sale price represents a 2.5% to 4.0% discount to Bank of China's Wednesday closing price of HK$3.26.

Also, Cairnhill Investments (Mauritius) Pte. Ltd., a unit of Temasek, is selling 1.6 billion Hong Kong-traded shares in China Construction Bank at a HK$5.99 to HK$6.10 price range, according a second term sheet, or up to US$1.25 billion. The price range reflects a 1.0% to 2.80% discount to the stock's Wednesday closing price of HK$6.16.

China Construction Bank is the nation's No. 2 largest lender by assets, while Bank of China is No. 4.

Temasek is subject to a 90-day lock-up period, meaning the company isn't allowed to sell shares in either bank during the period, according to the term sheets. Bank of America Merrill Lynch and Morgan Stanley are handling the share placements.

The Hong Kong-traded shares of Bank of China have risen 14% so far this year, while those of China Construction Bank are up 13.7%. Both banks are also listed in Shanghai.

-By Prudence Ho, Dow Jones Newswires; 852-2802-7002; [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LTD 0.27% 3.74 End-of-day quote.-6.05%
CHINA CONSTRUCTION BANK CORPORATION -0.70% 7.06 End-of-day quote.-7.42%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK OF CHINA LTD
06/15Taiwan's RMB deposits down for 5th consecutive month
AQ
06/15Taiwan's RMB deposits down for 5th consecutive month
AQ
06/14ZTE : Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members
RE
06/14BANK OF CHINA : Third Belt and Road Summit to Spotlight Regional Investment Oppo..
AQ
06/11BANK OF CHINA : More Chinese firms making SL headquarters for South Asia
AQ
06/11BANK OF CHINA : Several historic buildings along Shanghai’s Bund re-open t..
AQ
06/10INDIA, CHINA SHOULD SET UP NEW BILAT : Xi Jinping to Narendra Modi
AQ
06/09Chinese Banks Work With SWIFT Gpi to Accelerate Their Global Reach
AQ
06/08BOC extends global footprint with branch in Chile
AQ
06/08BOC extends global footprint with branch in Chile
AQ
More news
News from SeekingAlpha
05/23Revaluation Of Alaskan Gas Assets 
05/21Likely Winners From The U.S./China Deal - In Alaska 
03/29Bank of China, Ltd. ADR 2017 Q4 - Results - Earnings Call Slides 
2017Why Is Tension Rising In The South China Sea? 
2017CHINA MINSHENG BANK : Negatively Impacted By Weak Asset Quality And Margin Press.. 
Financials ( CNY)
Sales 2018 514 B
EBIT 2018 300 B
Net income 2018 179 B
Debt 2018 99 714 M
Yield 2018 4,93%
P/E ratio 2018 6,15
P/E ratio 2019 5,66
EV / Sales 2018 2,34x
EV / Sales 2019 2,15x
Capitalization 1 104 B
Chart BANK OF CHINA LTD
Duration : Period :
Bank of China Ltd Technical Analysis Chart | 601988 | CNE000001N05 | 4-Traders
Technical analysis trends BANK OF CHINA LTD
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 4,75  CNY
Spread / Average Target 27%
EPS Revisions
Managers
NameTitle
Si Qing Chen Chairman
Xi Quan Wang Chairman-Supervisory Board
Qing Song Zhang Chief Information Officer & Executive VP
Wan Ming Liu Member-Supervisory Board
Zhi Ying Deng Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF CHINA LTD-6.05%169 896
JP MORGAN CHASE & COMPANY0.56%366 184
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-8.23%303 817
BANK OF AMERICA-0.88%296 678
WELLS FARGO-10.20%268 398
CHINA CONSTRUCTION BANK CORPORATION-7.42%255 729