600036:SSEChina Merchants Bank Co., Ltd. Class A Analysis
Data as of 2026-09-07 - not real-time
CN¥41.07
Latest Price
3/10Risk
Risk Level: Low
Executive Summary
China Merchants Bank Co., Ltd. is priced at ¥41.07, and its moving averages give no clean directional read — the structure is neutral. The last 30 days have gained 5.3%. With RSI at 63.6 the momentum picture is approaching overbought, alongside a bullish MACD signal. Price has been bracketed by support at ¥38.03 and resistance at ¥41.78.
On valuation the read is undervalued — earnings multiple of 7.2 versus a 16.5 sector average, below the peer group. Analyst price targets sit 29.7% above the current price. Revenue is growing at 3.3% on a 50.3% profit margin. The 9.63% dividend yield looks covered by current payout levels.
On a 1-10 scale the risk profile lands at 3 — low. With 30-day volatility of 20.1%, a beta of 0.07 and a maximum drawdown of 18.3%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Short, medium and long-term reads agree on buy, with conviction of 7/10.
On valuation the read is undervalued — earnings multiple of 7.2 versus a 16.5 sector average, below the peer group. Analyst price targets sit 29.7% above the current price. Revenue is growing at 3.3% on a 50.3% profit margin. The 9.63% dividend yield looks covered by current payout levels.
On a 1-10 scale the risk profile lands at 3 — low. With 30-day volatility of 20.1%, a beta of 0.07 and a maximum drawdown of 18.3%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 94 on the fear-greed composite.
Short, medium and long-term reads agree on buy, with conviction of 7/10.
Top Market Events
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Market Outlook
Short Term
< 1 yearPositive
Model confidence: 6/10
Key Factors
- Trading above the 200-day average of 39.49
- MACD momentum is positive
- 30-day price change of +5.3%
Medium Term
1–3 yearsPositive
Model confidence: 7/10
Key Factors
- P/E of 7.2 versus sector average of 16.5
- Trading above the 200-day average of 39.49
- Analyst targets imply +29.7% versus the current price
Long Term
> 3 yearsPositive
Model confidence: 7/10
Key Factors
- P/E of 7.2 versus sector average of 16.5
- Analyst targets imply +29.7% versus the current price
- Profit margin of 50.3% is healthy
Key Metrics & Analysis
Financial Health
Revenue Growth3.30%
Profit Margin50.35%
P/E Ratio7.2
ROE11.52%
ROA1.16%
P/B Ratio0.9
Op. Cash FlowCN¥621.6B
Industry P/E16.5
Technical Analysis
TrendNeutral
RSI63.6
SupportCN¥38.03
ResistanceCN¥41.78
MA 20CN¥39.59
MA 50CN¥38.79
MA 200CN¥39.49
MACDBullish
VolumeIncreasing
Fear & Greed Index94.11
Valuation
Fair ValueCN¥283.95
Target PriceCN¥53.26
Upside/Downside29.69%
GradeUndervalued
TypeValue
Dividend Yield9.63%
Risk Assessment
Beta0.07
Volatility20.15%
Sector RiskMedium
Reg. RiskHigh
Geo RiskHigh
Currency RiskHigh
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.