
Industrial and Commercial Bank of China (1398)
4.85 HKD +0.07 (+1.46%) Volume: 269.34M
Industrial and Commercial Bank of China’s stock price stands at 4.85 HKD, marking a positive change of +1.46% in the latest trading session with a robust trading volume of 269.34M, reflecting a bullish trend YTD with a substantial growth of +26.96%, thus positioning ICBC (1398) as a strong performer in the banking sector.
Latest developments on Industrial and Commercial Bank of China
ICBC (H) stock price saw a significant increase today following the announcement of their latest quarterly earnings report, which exceeded analysts’ expectations. This positive news comes after a period of uncertainty for the company, as they navigated challenges in the global market due to the ongoing trade tensions between the US and China. Investors have been closely monitoring ICBC (H) as they continue to expand their presence in key markets and diversify their product offerings. The stock price movement today reflects a renewed sense of confidence in the company’s ability to weather economic uncertainties and deliver strong financial results.
Industrial and Commercial Bank of China on Smartkarma
Analyst Travis Lundy, from Smartkarma, recently published a bullish research report on ICBC (H). The report highlighted that SOUTHBOUND flows for the company were net positive every day, with SOE Banks and SOE Energy names dominating the net buy list. Lundy mentioned that there has been significant national team buying of banks and energy in recent months, possibly ahead of shareholder return policy changes. Despite this, valuations are deemed acceptable, and policy changes are expected. Overall, the report suggests that SOUTHBOUND may continue to see inflows, both from the national team and other sources.
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) seems to have a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Dividend and Growth, ICBC is positioned well to provide good returns to its investors while also expanding its operations. The company’s strong performance in Value and Momentum further indicates its potential for continued success in the future. However, its slightly lower score in Resilience suggests some level of vulnerability to market fluctuations.
ICBC is a banking institution that offers a range of financial services to individuals, businesses, and other clients. With a solid reputation in the industry, the company’s high scores in Dividend and Growth highlight its ability to generate profits and distribute dividends to shareholders. Overall, ICBC’s positive Smart Scores reflect its strong position in the market and its potential for growth and stability in the long term.
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.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars