Excerpts:

As its annual report showed, the Bank of Communications achieved revenue of 62.322 billion yuan, up 43.40 percent yoy; net profit attributable to the shareholders of the listed company: 20.513 billion yuan, an increase of 63.52 percent yoy. Basic earnings per share: 0.43 yuan and diluted earnings per share: 0.42 yuan. Distribution plan: 0.15 yuan per share. At the end of 07, net loan of Bank of Communications was 1.08 trillion yuan, representing a growth of 19.34 percent; deposits amounted to 1.56 trillion yuan, representing a growth of 15.71 percent yoy. Loan-to-deposit ratio was 62.60 percent. The company has taken active adjustment of debt structure and demand deposits accounted for 53.37 percent, an increase of 1.87 percentage points yoy; banker's deposit accounted for 13.35 percent of debt, up 1.35 percentage points yoy. EPS is expected to be 0.62 yuan in 08 and 0.80 yuan in 09 and "buy" rating is reiterated.