Industrial and Commercial Bank of China (1398)
5.36 HKD -0.03 (-0.56%) Volume: 294.96M
Industrial and Commercial Bank of China’s stock price currently stands at 5.36 HKD, experiencing a slight dip of -0.56% in this trading session with a trading volume of 294.96M, yet showcasing a positive year-to-date performance with a percentage increase of +2.88%.
Latest developments on Industrial and Commercial Bank of China
Today, ICBC (H) stock price movements were influenced by Ping An’s decision to invest an additional $480M, increasing their H-shr holdings in ICBC to 17.03%. This move comes amidst a positive market sentiment, with the Hang Seng Index rallying 404 points at midday and closing surging 572 points by the end of the day. Notable companies like SMIC, XIAOMI-W, and XPENG-W saw their stock prices hitting new highs, with XPENG-W spiking 12%. The market opened 271 points higher with companies like BABA and XPENG leading the way, while Chinese banks like ICBC continue to prosper.
Industrial and Commercial Bank of China on Smartkarma
Analyst coverage of ICBC (H) on Smartkarma, an independent investment research network, reveals contrasting sentiments from top independent analysts. John Ley‘s report on “EQD | Hong Kong Single Stock Options Weekly Dec 30 β Jan 03” highlights a bearish outlook, noting heavy put trading in the financial sector, particularly with ICBC. This surge in single stock put volumes pushed the put call ratio over 1 for the first time since November. Conversely, Ley’s report on “EQD | Hong Kong Single Stock Options Weekly December 23 β 27” leans bullish, with call volumes dominating trading activity and the Put/Call ratio at its 3rd lowest level since early November.
A look at Industrial and Commercial Bank of China Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 5 | |
Growth | 4 | |
Resilience | 3 | |
Momentum | 5 | |
OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, ICBC (H) has a positive long-term outlook. The company scores high in Dividend and Momentum, indicating strong potential for growth and returns for investors. Additionally, ICBC (H) scores well in Value and Growth, suggesting that the company is undervalued and has room for expansion. However, its Resilience score is slightly lower, indicating some potential risks that investors should be aware of.
Industrial and Commercial Bank of China Limited is a banking company that offers a variety of services including deposits, loans, and fund underwriting. With a focus on providing services to individuals, enterprises, and other clients, ICBC (H) has established itself as a key player in the banking industry. Overall, the company’s strong performance in Dividend and Momentum, coupled with its diverse range of services, positions it well for future success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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