Xin Lang Cai Jing·2025-08-21 08:09Core Viewpoint - Postal Savings Bank of China (PSBC) shows a stable performance with a recent stock price increase and a solid dividend yield, indicating potential investment attractiveness in the context of state-owned enterprise reforms [1][2]. Financial Performance - PSBC's stock price increased by 1.30% on August 21, with a trading volume of 1.083 billion yuan and a market capitalization of 748.192 billion yuan [1]. - The bank's dividend yields over the past three years were 5.58%, 6.00%, and 4.61% respectively, reflecting a consistent return to shareholders [2]. Shareholder and Market Activity - As of March 31, PSBC had 182,900 shareholders, an increase of 18.57% from the previous period, with an average of 371,749 shares held per shareholder, down by 15.87% [7]. - The bank has distributed a total of 137.796 billion yuan in dividends since its A-share listing, with 77.395 billion yuan distributed in the last three years [8]. Institutional Holdings - As of March 31, 2025, major institutional shareholders include Hong Kong Central Clearing Limited, holding 882 million shares, and various ETFs, indicating a diversified institutional interest [8][9]. Business Overview - PSBC primarily operates in personal banking (69.57% of revenue), corporate banking (19.70%), and funding services (10.65%), positioning itself as a significant player in the Chinese banking sector [6]. - The bank is classified under the state-owned large banks category, which may benefit from ongoing state reforms [2][6]. Technical Analysis - The average trading cost of PSBC shares is 4.99 yuan, with the current stock price approaching a resistance level of 6.28 yuan, suggesting potential for upward movement if this level is surpassed [5]. Market Sentiment - Recent net inflow from major investors was 100 million yuan, with a total industry net inflow of 308 million yuan over three days, indicating positive market sentiment towards PSBC [3][4].