Industrial and Commercial Bank of China (1398)
5.53 HKD +0.02 (+0.36%) Volume: 200.54M
Industrial and Commercial Bank of China’s stock price stands at 5.53 HKD, witnessing a promising uptick of +0.36% this trading session with a hefty trading volume of 200.54M, and an encouraging year-to-date percentage change of +6.14%, underlining its strong market performance.
Latest developments on Industrial and Commercial Bank of China
Today, ICBC (H) stock price saw movements following key events in the market. BOCI raised ICBC (01398.HK) target price to $7.16, maintaining a buy rating. This positive outlook may have contributed to the stock’s performance. However, the Hang Seng Index (HSI) took a hit, diving 219 points at the opening bell. This downturn in the overall market sentiment may have impacted ICBC (H) stock as well. Additionally, CKH slipped more than 4%, indicating broader market volatility that could have influenced investor confidence in ICBC (H) as well.
Industrial and Commercial Bank of China on Smartkarma
Analysts on Smartkarma are closely monitoring ICBC (H) as the company is set to report its 2024 financial results on 28 March 2025. Gaudenz Schneider‘s research suggests that the expected price movement post-earnings is similar to that of a typical trading day. With a bullish lean, Schneider advises investors to consider their investment decisions after the earnings release. ICBC (H) has also switched to semi-annual dividends, offering current yields of 6.0% for H shares and 4.5% for A shares, with a history of dividend increases.
On the other hand, John Ley’s insights highlight a bearish sentiment with rising put volumes in the financial sector, particularly with ICBC. The put call ratio has exceeded 1 for the first time since November, indicating heavy put trading activities. Despite this, Ley’s previous report also indicated a trend of decreasing volumes in place since early November, with call volumes dominating trading across single stocks. It will be interesting to see how these contrasting views on ICBC (H) play out in the market.
A look at Industrial and Commercial Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
Industrial and Commercial Bank of China Limited (ICBC) has a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Growth, ICBC is positioned well for future success. The company also received strong scores in Value and Momentum, indicating a favorable overall outlook. Although Resilience scored slightly lower, ICBC’s solid performance in other areas suggests a promising future for the banking giant.
ICBC provides a range of banking services including deposits, loans, fund underwriting, and foreign currency settlement to individuals, enterprises, and other clients. With its strong performance in key areas according to the Smartkarma Smart Scores, ICBC is poised to continue its success in the long term. Investors and stakeholders can look forward to potential growth and stability from Industrial and Commercial Bank of China Limited in the coming years.
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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