On August 31, BANKCOMM rose 3.06% in regular trading, trading at HKD 7.74/share, with turnover of HKD 82.79 million. The move came as the market continued to digest the bank's solid first-half earnings released on August 28.

BANKCOMM reported H1 net profit attributable to shareholders of RMB 47.874 billion, up 4.04% year-over-year, with Q2 standalone net profit rising 5.17% — an acceleration from Q1. Net operating income grew 6.77% to RMB 142.54 billion, while net interest income surged 8.62% to RMB 92.592 billion, supported by a net interest margin of 1.23%, up 2 basis points year-over-year. Management expressed confidence in maintaining the improving NIM trend. Notably, operating costs fell 2.08%, and the cost-to-income ratio declined 2.47 percentage points. Asset quality remained stable with the NPL ratio at 1.30% and provision coverage at 203.80%. The bank raised its interim dividend payout ratio to 31%, proposing RMB 0.168 per share in cash dividends.

Within the Diversified Banks sector, peers also traded higher: PSBC up 6.86%, Bank of China up 5.2%, CCB up 3.28%, BOC Hong Kong up 2.45%, and ICBC up 1.41%.

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