1398.HK - Industrial and Commercial Bank of China Limited
| Previous Close | 5.430 |
| Open | 5.450 |
| Bid | 5.410 x 0 |
| Ask | 5.420 x 0 |
| Day's Range | 5.390 - 5.470 |
| 52 Week Range | 5.100 - 7.640 |
| Volume | 76,773,549 |
| Avg. Volume | 242,632,197 |
| Market Cap | 1.908T |
| Beta (3Y Monthly) | 1.21 |
| PE Ratio (TTM) | 5.72 |
| EPS (TTM) | 0.947 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.29 (5.43%) |
| Ex-Dividend Date | 2018-07-05 |
| 1y Target Est | 7.66 |
Bloomberg•4 days agoChina's Top Bank Cancels Sale of Dollar Bonds to U.S. Buyers
Industrial & Commercial Bank of China Ltd. had been marketing three-year and five-year floating-rate notes through its New York branch, then decided not to proceed with pricing, according to people familiar with the matter. ICBC’s securities were aimed at buyers in the U.S., where investor sentiment toward investment-grade credit has been shifting thanks to worries over a slowdown in growth amid Federal Reserve policy tightening. China’s sovereign offering last month also saw diminished American demand demand as trade tensions escalated.
- Reuters•6 days ago
China's ICBC bank sets up $200 million fund for small Indian businesses
China's biggest lender has set up a $200-million fund through which its local arm will invest in India's small- and medium-sized businesses, the Indian embassy in Beijing said in a statement on Tuesday. The Indian subsidiary of Industrial and Commercial Bank of China (ICBC) will invest in local start-ups and other small businesses, the embassy quoted Zheng Bin, chief executive of ICBC India, as saying at an investment conference held in the Chinese capital. Small businesses, which account for 32 percent of the Indian economy, are grappling with funding shortages, hit hard by the launch of a unified Goods and Services Tax (GST) more than a year ago that has driven thousands out of work.
- Reuters•20 days ago
Top Chinese bank ICBC's Q3 profit rises 5.6 pct, slightly below estimates
BEIJING/SHANGHAI, Oct 30 (Reuters) - Industrial and Commercial Bank of China (ICBC) , the country's biggest-listed lender by assets, reported on Tuesday a 5.6 percent rise in net profit for the third quarter. ...
- Simply Wall St.•20 days ago
What Does Industrial and Commercial Bank of China Limited’s (HKG:1398) P/E Ratio Tell You?
This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examples Read More...
- Reuters•last month
China's top bank ICBC signs financing deals with 100 private firms -source
China's largest commercial lender, Industrial and Commercial Bank of China (ICBC) (1398.HK), has signed agreements with 100 private companies pledging more financing support, according to a source with direct knowledge of the matter. The agreements signed on Oct. 16 with the companies, most of which are large, publicly listed and existing clients, provide them with more efficient, nationwide financing services, said the person, who declined to be named as the bank's client information is confidential. ICBC declined to comment on the matter.
- Reuters•last month
BRIEF-Eternal Asia Supply Chain Signs Debt-For-Equity Swap Agreement With ICBC Financial Asset Investment
Oct 17 (Reuters) - Eternal Asia Supply Chain Management Ltd : * SAYS IT SIGNS DEBT-FOR-EQUITY SWAP FRAMEWORK AGREEMENT WITH ICBC FINANCIAL ASSET INVESTMENT FOR AT LEAST 3 BILLION YUAN ($433.24 million) ...
- Reuters•last month
Analysis: Lost in transmission - China's small firms get more loans on paper but not in reality
Beijing is keen to show results after four rounds of policy easing, so China's big banks are playing along, highlighting their efforts to boost lending to cash-starved small firms, offering collateral waivers and setting loan targets. The health of millions of small firms, most privately owned, is crucial to China's efforts to ward off a sharp slowdown and mass job losses while fighting a bitter trade war with the United States. The People's Bank of China (PBOC) has cut the amount of cash commercial lenders must hold as reserves four times since January.
Reuters•last monthDeepening bear market sees $1 trillion wiped off emerging equities since 2018 peak
A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016. The emerging benchmark is now falling deeper into bear market territory - defined as peak-to-trough losses of more than 20 percent - after first cracking that milestone in August. Translating this into the index's market cap, the MSCI benchmark has lost some $1.1 trillion or more than 18 percent of its value - more than double the drop in value global stocks have suffered.
- Reuters•2 months ago
BRIEF-Portfolio Managed By ICBC Credit Suisse To Sell Stake Yiwu Huading Nylon
Sept 20 (Reuters) - Yiwu Huading Nylon Co Ltd: * SAYS PORTFOLIO MANAGED BY ICBC CREDIT SUISSE AGREES TO SELL 6.02 PERCENT STAKE IN THE COMPANY FOR 416.7 MILLION YUAN($60.82 million) Source text in Chinese: ...
- Reuters•2 months ago
BRIEF-ICBC Asset Management Chooses Linedata For Its Investment Solutions
Sept 13 (Reuters) - LINEDATA SERVICES SA: * ICBC ASSET MANAGEMENT (GLOBAL) CHOOSES CO FOR ITS INVESTMENT SOLUTIONS Source text: https://bit.ly/2x70PhU Further company coverage: (Gdynia Newsroom)
- The Wall Street Journal•3 months ago
[$$] ICBC, World’s Biggest Bank, Posts 4.9% Net-Profit Rise
BEIJING—Industrial & Commercial Bank of China, the world’s biggest bank by assets, is also China’s most profitable, with a boost from a government campaign to discourage risky lending. First-half net income was up 4.9% from a year earlier, to 160.44 billion yuan ($23.5 billion), state-owned ICBC reported Thursday. Net interest income—the difference between what it pays and earns in interest, which accounts for most of ICBC’s operating income—came to 277.62 billion yuan, a rise of 11%, nearly double the pace of a year earlier.
- Reuters•3 months ago
China's top bank ICBC flags trade war risks as profits rise
SHANGHAI/BEIJING (Reuters) - Industrial and Commercial Bank of China, the world's largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad loan ratio, but flagged trade tensions as a risk to economy. ICBC, like other big state-owned banks, has been seeing a rebound in business with its diverse revenue sources and strong capital buffers giving it an edge over smaller peers as China cracks down on risk in the broader financial sector. The bank will conduct stress tests on clients hit by trade tensions and provide financing to alleviate any temporary difficulties, he told a news conference on Thursday.
- Bloomberg•3 months ago
ICBC Profit Rises Most Since '14 Before `Challenging' Period
Industrial & Commercial Bank of China Ltd. posted its fastest profit growth since September 2014 as margins and asset quality improved, but flagged challenging times ahead as the trade war with the U.S. intensifies. Net income at the world’s largest lender by assets rose 5.8 percent to 81.6 billion yuan ($11.9 billion) in the quarter ended June from a year earlier, according to an exchange filing Thursday, broadly in line with estimates. China’s five biggest banks have all reported profit growth of at least 5 percent for the latest quarter, and escaped the surge in bad loans that swamped smaller lenders.
- Simply Wall St.•3 months ago
How Industrial and Commercial Bank of China Limited (HKG:1398) Could Add Value To Your Portfolio
Industrial and Commercial Bank of China Limited (HKG:1398) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with aRead More...
- Reuters•3 months ago
China banks set for modest profit growth as bad loan outlook under cloud
SHANGHAI/HONG KONG (Reuters) - China's biggest listed state-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth. Beijing has been pumping funds into the banking system and rolling out support measures for local businesses to cushion the impact from an escalating trade war with the United States. Indications on future trends are expected to emerge over the coming weeks as the country's top banks - Industrial and Commercial Bank of China , China Construction Bank Corp , Agricultural Bank of China , Bank of China and Bank of Communications Co Ltd - unveil their January-June results.
Reuters•4 months agoICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo: source
China's ICBC Leasing has emerged as the major financier behind a provisional $8.8 billion order at list prices for 80 Airbus A320neo single-aisle jets, a person familiar with the matter said. Airbus reported ...
Reuters•4 months agoICBC behind 'unidentified' provisional $9 billion order for 80 Airbus A320neo - source
FARNBOROUGH, England (Reuters) - China's ICBC Leasing has emerged as the major financier behind a provisional $8.8 billion order at list prices for 80 Airbus A320neo single-aisle jets, a person familiar ...
- Reuters•4 months ago
BRIEF-ICBC says media reports on ICBC considering to acquire a Deutsche Bank stake not factual
July 11 (Reuters) - Beijing-based spokesman for Industrial and Commercial Bank of China says: * FRIDAY MEDIA REPORTS ON ICBC CONSIDERING TO ACQUIRE A DEUTSCHE BANK STAKE NOT FACTUAL Further company coverage: ...
- Reuters•5 months ago
BRIEF-Jiangmen Sugarcane Chemical Factory Signs Financial Services Agreement With ICBC's Jiangmen Branch
July 4 (Reuters) - Jiangmen Sugarcane Chemical Factory Co Ltd: * SAYS IT SIGNS FINANCIAL SERVICE FRAMEWORK AGREEMENT WORTH UP TO 5.0 BILLION YUAN WITH ICBC'S JIANGMEN BRANCH Source text in Chinese: https://bit.ly/2KL0MjY ...
- Reuters•5 months ago
BRIEF-ICBC's Executive Director, Deputy Head Of The Bank Zhang Hongli Resigns
July 2 (Reuters) - Industrial and Commercial Bank of China Ltd: * SAYS EXECUTIVE DIRECTOR, DEPUTY HEAD OF THE BANK ZHANG HONGLI RESIGNS DUE TO FAMILY MATTERS Source text in Chinese: https://bit.ly/2KFykwo ...
- Reuters•5 months ago
China's banks embrace Communist Party committees in risk crackdown
China's listed mid-tier and regional banks will face added pressure to curb risky activities following the formal establishment of Communist Party Committees at the lenders, bankers and analysts say. China's 40 listed banks have announced changes to their articles of association to add the committees, with 26 making announcements after the start of the year. While party committees have been set up across state-backed listed firms, their official establishment at banks comes as President Xi Jinping has targeted the industry and prioritised cutting financial risk.
