Agricultural Bank of China IPO

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  1. #1

    Join Date
    Sep 2009
    Posts
    345

    Agricultural Bank of China IPO

    There doesn't seem to be as much interest as in previous IPOs. Does you think it's a profitable investment?


  2. #2

    Join Date
    Jul 2010
    Posts
    22

    Other than recent market instability, reasons may exist for ABC's inability to match the relative success of other mainland banks' IPOs. At some point, ABC could be highly and legitimately profitable. Who truly knows?

    Down the road, perhaps ABC's books may be more impressive than now and maybe even closer to the still unknown quality of the mainland's earlier financial IPOs. How do you feel about Beijing's efforts and potential future success in covering for ABC's heavy focus on lending to rural, lesser educated farmers and projects to potentially transform kumquat villages outside to way beyond the mainland's 1st, 2nd and even its 3rd tier cities? Hey, huge demand exists for rural infrastructure, employment for uneducated farmers transitioning from inefficient farming operations, etc.