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China Construction Bank Corp. ADR (OTCMKT:CICHY) Seasonal Chart

Seasonal Chart Analysis

Analysis of the China Construction Bank Corp. ADR (OTCMKT:CICHY) seasonal charts above shows that a Buy Date of July 11 and a Sell Date of November 2 has resulted in a geometric average return of 2.27% above the benchmark rate of the S&P 500 Total Return Index over the past 10 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 10 years by an average of 13.65% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Financial sector, which runs from November 22 to April 13. The seasonal chart for the broad sector is available via the following link: Financial Sector Seasonal Chart.

Headquartered in Beijing, China Construction Bank went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China’s sovereign wealth fund manager is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the company’s second- largest shareholder with a 5.8% stake. CCB strives to provide customers with comprehensive financial services. Other nonbank businesses contribute less than 1% of operating profit before tax. Corporate banking, retail banking, wholesale banking, and other business segments accounted for 24%, 45%, 27%, and 3% of profit before tax, respectively, and 39%, 38%, 14%, and 9% of total revenue in 2018.

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