601009:SSEBank of Nanjing Co., Ltd. Class A Analysis

Bank of Nanjing is trading at CNY 11.83, hugging its recent resistance level while comfortably above its 20‑day (CNY 11.12) and 200‑day (CNY 11.22) moving averages, indicating short‑term momentum. The RSI of 68.9 suggests strong buying pressure yet remains just below the overbought threshold, and a bullish MACD histogram (+0.10) reinforces the upside bias. Market sentiment is extremely optimistic, reflected by a Fear & Greed Index of 89.86 (Extreme Greed), and trading volume is on the rise, supporting liquidity.
Fundamentally, the bank appears deeply undervalued: a trailing P/E of 6.9 versus the industry average of 16.8, a P/B of 0.78, and a DCF‑derived fair value near CNY 125 point to a sizable valuation gap. Profitability is solid with an operating margin of 68.9% and ROE of 10.9%, while revenue is growing at 5.7% YoY. The dividend yield of 4.47% coupled with a modest payout ratio (29.6%) signals sustainable income, and a near‑zero beta (0.11) underscores low market‑wide volatility despite a 30‑day price volatility of about 20%.