Industrial and Commercial Bank of China (1398)
5.69 HKD -0.05 (-0.87%) Volume: 399.47M
Industrial and Commercial Bank of China’s stock price currently stands at 5.69 HKD, experiencing a slight dip of -0.87% this trading session, with a robust trading volume of 399.47M. Despite the dip, the bank’s year-to-date performance remains positive, boasting an increase of +9.21%.
Latest developments on Industrial and Commercial Bank of China
Today, ICBC (H) stock price saw significant movements following the news that Ping An Life Insurance has invested $760 million to acquire additional shares in the company, increasing their stake to 17.11%. This move by Ping An Life Insurance demonstrates a strong vote of confidence in ICBC (H) and has sparked investor interest in the stock, leading to fluctuations in its price throughout the trading day.
Industrial and Commercial Bank of China on Smartkarma
Analyst coverage of ICBC (H) on Smartkarma shows contrasting views from top independent analysts. John Ley‘s report “EQD | Hong Kong Single Stock Options Weekly Dec 30 – Jan 03” indicates a bearish sentiment with heavy put trading in the financial sector, particularly with ICBC. This resulted in the single stock put call ratio rising over 1 for the first time since November. On the other hand, Ley’s report “EQD | Hong Kong Single Stock Options Weekly December 23 – 27” leans bullish, highlighting dominant call volumes and the Put/Call ratio at its 3rd lowest level since early November. Auto companies like Li Auto and Great Wall Motor also saw significant changes in option volumes.
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. With high scores in Dividend and Momentum, the company is positioned well for growth and stability in the future. The Value and Growth scores also indicate strong potential for the company’s financial performance.
Industrial and Commercial Bank of China Limited, a leading provider of banking services, has received favorable ratings in key areas such as Dividend and Momentum. With a focus on deposits, loans, fund underwriting, and foreign currency settlement, ICBC (H) serves a diverse range of clients including individuals and enterprises. Overall, the company’s resilience and growth prospects are promising, making it a solid choice for investors seeking stability and potential returns.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
