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Last Updated : Oct 16, 2020 09:17 AM IST | Source: Moneycontrol.com

Q2 FY21 review: Five best and worst performing Asia-Pacific bank stocks

In a recent S&P Global Market Intelligence analysis, Indian banks dominated the list of 15 worst-performing bank stocks in the Asia-Pacific region during the September quarter. Sixteen of the 20 largest Asia-Pacific banks saw declines in their market capitalization in Q2 FY21. Indian bank stocks have been on a declining trend in 2020.

Banks in India, China and other countries saw their valuations drop amid economic crisis created by the COVID-19 pandemic. In a recent S&P Global Market Intelligence analysis, Indian banks dominated the list of 15 worst-performing bank stocks in the Asia-Pacific region during the three months ended September 30. Sixteen of the 20 largest Asia-Pacific banks saw declines in their market capitalization in Q3. Indian bank stocks have been on a declining trend in 2020. Here is the list of five Asia-Pacific bank stocks with lowest total returns in Q3 as of October 1, 2020.

Banks in India, China and other countries saw their valuations drop amid economic crisis created by the COVID-19 pandemic. In a recent S&P Global Market Intelligence analysis, Indian banks dominated the list of 15 worst-performing bank stocks in the Asia-Pacific region during the three months ended September 30. Sixteen of the 20 largest Asia-Pacific banks saw declines in their market capitalisation in Q3. Indian bank stocks have been on a declining trend in 2020. Here is the list of five Asia-Pacific bank stocks with lowest total returns in Q3 as of October 1, 2020.

1 | Yes Bank | Country: India | Market cap as on September 30 ’20: $4.48 billion | Total return as on September 30 ’20: Fall by 48.63 percent (Image: PTI)

1. Yes Bank | Country: India | Market cap as on September 30, 2020: $4.48 billion | Total return on stock in Q2 FY21: -48.63 percent (Image: PTI)

2 | Punjab & Sind Bank | Country: India | Market cap as on September 30 ’20: $0.11 billion | Total return as on September 30 ’20: Fall by 28.54 percent

2. Punjab & Sind Bank | Country: India | Market cap as on September 30, 2020: $0.11 billion | Total return on stock in Q2 FY21: -28.54 percent

3 | Postal Savings Bank of China Co. Ltd. | Country: China | Market cap as on September 30 ’20: $52.90 billion | Total return as on September 30 ’20: Fall by 26.97 percent (Image: Reuters)

3. Postal Savings Bank of China Co. Ltd. | Country: China | Market cap as on September 30, 2020: $52.90 billion | Total return on stock in Q2 FY21: -26.97 percent (Image: Reuters)

4 | Indian Overseas Bank | Country: India | Market cap as on September 30 ’20: $2.05 billion | Total return as on September 30 ’20: Fall by 24.57 percent (Image: PTI)

4. Indian Overseas Bank | Country: India | Market cap as on September 30, 2020: $2.05 billion | Total return on stock in Q2 FY21:-24.57 percent (Image: PTI)

5 | Union Bank of India | Country: India | Market cap as on September 30 ’20: $2.13 billion | Total return as on September 30 ’20: Fall by 23.39 percent.

5. Union Bank of India | Country: India | Market cap as on September 30, 2020: $2.13 billion | Total return on stock in Q2 FY21: Fall by 23.39 percent.

Meanwhile, smaller banks from Bangladesh, Pakistan and China were the best-performing bank stocks in the quarter, with City Bank Ltd. logging the highest total return of 65.52 percent. Let’s take a look at five Asia-Pacific bank stocks with highest total returns in Q3 as of October 1, 2020. (Image: Reuters)

Meanwhile, smaller banks from Bangladesh, Pakistan and China were the best-performing bank stocks in the quarter, with City Bank Ltd logging the highest total return of 65.52 percent in Q2 FY21. Let’s take a look at five Asia-Pacific bank stocks with highest total returns in Q2 FY21. (Image: Reuters)

1 | City Bank Ltd | Country: Bangladesh | Market cap as on September 30 ’20: $0.30 billion | Total return as on September 30 ’20: 65.52 percent (Image: Youtube)

1. City Bank Ltd | Country: Bangladesh | Market cap as on September 30, 2020: $0.30 billion | Total return 0n stock on Q2 FY21: 65.52 percent (Image: Youtube)

2 | Islami Bank Bangladesh Ltd. | Country: Bangladesh | Market cap as on September 30 ’20: $0.51 billion | Total return as on September 30 ’20: 62.11 percent (Image: islamibankbd.com)

2. Islami Bank Bangladesh Ltd. | Country: Bangladesh | Market cap as on September 30, 2020: $0.51 billion | Total return on stock in Q2 FY21: 62.11 percent (Image: islamibankbd.com)

3 | Bank of Toyama Ltd. | Country: Japan | Market cap as on September 30 ’20: $0.18 billion | Total return as on September 30 ’20: 52.76 percent (Image: Wikimedia)

3. Bank of Toyama Ltd. | Country: Japan | Market cap as on September 30, 2020: $0.18 billion | Total return on stock in Q2 FY21: 52.76 percent (Image: Wikimedia)

4 | Ho Chi Minh City Development JSCB | Country: Vietnam | Market cap as on September 30 ’20: $1.70 billion | Total return as on September 30 ’20: 45.14 percent

4. Ho Chi Minh City Development JSCB | Country: Vietnam | Market cap as on September 30, 2020: $1.70 billion | Total return on stock in Q2 FY21: 45.14 percent

5 | International Finance Investment & Commerce Bank Ltd. | Country: Bangladesh | Market cap as on September 30 ’20: $0.22 billion | Total return as on September 30 ’20: 44.53 percent (Image: Wikimedia)

5. International Finance Investment & Commerce Bank Ltd. | Country: Bangladesh | Market cap as on September 30, 2020: $0.22 billion | Total return on stock in Q2 FY21: 44.53 percent (Image: Wikimedia)

First Published on Oct 16, 2020 09:15 am
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