Risk factor
Vulnerable to price shocks
Profitability factor
Excellent dividends
About
Industrial and Commercial Bank of China Limited (ICBC), together with its affiliated entities, functions as a leading financial institution, delivering a broad spectrum of banking products and services both within the People's Republic of China and across global markets. Its activities are primarily structured into three distinct divisions: Corporate Banking, Personal Banking, and Treasury Operations. The Corporate Banking segment provides bespoke financial solutions to enterprises, governmental bodies, and other financial organizations, encompassing services such as corporate lending, trade financing, deposit facilities, institutional wealth management, custody arrangements, and various business intermediary services. Conversely, the Personal Banking segment caters to individual customers, offering products like personal loans, card services, deposit accounts, and personal wealth management and advisory services. The Treasury Operations segment is dedicated to managing the bank's liquidity through money market activities, investments in securities, foreign exchange dealings, and the management of derivative positions. Beyond these core areas, ICBC also furnishes e-banking platforms, investment banking expertise, financial leasing options, and insurance products. Established in 1984, the company's headquarters are situated in Beijing, China.
Company Valuation
Considering past and projected metrics, the stock is slightly 'cheaper' than its peers. Specifically, the stock is fairly valued on P/E, underpriced on P/RIBP. Editor's
Target Price
The average target price of 1398.HK is 8.7 and suggests 21% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr