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CN Stock MarketDetailed Quotes
601398 Industrial and Commercial Bank of China
- 6.71
- -0.05-0.74%
Market Closed Jan 9 15:00 CST
2.39TMarket Cap6.57P/E (TTM)
6.77High6.66Low2.37MlotVolume6.76Open6.76Pre Close1.59BTurnover0.09%Turnover Ratio6.57P/E (Static)356.41BShares6.9052wk High0.68P/B1.81TFloat Cap4.2752wk Low7.44Limit Up269.61BShs Float6.90Historical High6.08Limit Down1.63%Amplitude-0.90Historical Low0.45Dividend TTM6.71Avg Price1.09MlotAsk6.71%Div YieldTTM100Lot Size1.22MlotBid
Industrial and Commercial Bank of China News
Quick Look at the Hong Kong Market | The three major Indices have mixed movements, stocks in Biotechnology and Communication Equipment are rising, ZTE soared by 10%, and BEIGENE increased by over 5%.
Network Technology stocks fell, XIAOMI-W rose by 2.90%, NTES-S rose by 2.19%; most Coal Industrial Concept stocks declined, China Shenhua Energy fell by 3.18%, China Coal Energy fell by 1.69%; most Shipping and Ports stocks decreased, COSCO Shipping Holdings fell by 4.75%, OOIL fell by 3.14%;
Anti-corruption efforts in CSI China Mainland Financials Index continue, and it is reported that domestic banks have become key targets for investigation.
According to domestic media report "The Paper", the anti-corruption situation in CSI China Mainland Financials Index continues. Last year, at least 97 individuals in the financial sector were investigated, which is comparable to 2023. Among the 97 individuals under investigation, 3 are central management officials, 76 are senior party and state agency officials, state-owned enterprises, and financial unit officials, and 18 are provincial management officials. Out of the 97 individuals investigated, 63 are from Banks, 15 are from regulatory agencies, 9 are from Insurance institutions, 4 are from financial holding groups, 3 are from reinsurance groups, and 3 are from securities institutions. The report mentioned that state-owned Banks were a key focus for investigation, with a total of 36 individuals being investigated.
Hong Kong stock market midday review | The three major Indexes collectively rebounded! Xiaomi and Tencent rose about 2%; Semiconductors stocks continued to rise, Semiconductor Manufacturing International Corporation rose over 4%.
Network Technology stocks weakened, Bilibili-W fell by 3.60%, XIAOMI-W rose by 2.59%; Sporting Goods stocks performed well, ANTA SPORTS increased by 5.32%, TOPSPORTS dropped by 3.44%; Hong Kong Retail Stocks weakened, BOSSINI INT'L rose by 3.81%, PRADA fell by 2.76%;
The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.
How far is dawn?
Express News | Today, the Industrial And Commercial Bank Of China executed a large Trade at a discount of 7 million shares, with a transaction amount of 42.21 million yuan.
Express News | Today, a total of 46 individual stocks in the A-share market experienced block trades, with Dongguan Dingtong Precision Metal Co.,Ltd., Runben Co., and Industrial And Commercial Bank Of China leading in transaction volume.
Hong Kong market quick look | Hong Kong stocks narrowed in losses in the afternoon, the Hang Seng Index fell nearly 1%; tech and Apple Supplier stocks declined, SUNNY OPTICAL dropped over 7%, Xiaomi fell nearly 4%; Weichai Power surged over 11%.
Network Technology stocks weakened, XIAOMI-W fell 3.95%, NTES-S rose 2.98%; Coal Industrial Concept stocks weakened, YANKUANG ENERGY fell 4.73%, KINETIC DEV fell 3.94%; Many Mobile Game stocks declined, INFINITIES TECH rose 10.00%, BOYAA fell 8.88%;
Major bank ratings丨JPMorgan: Expect China Mainland Banking stocks to outperform the market this year, with China Merchants Bank as the top pick.
On January 8, Gelonghui reported that JPMorgan released a report expecting that China Mainland Banking stocks will outperform the market this year, believing that bank dividend yields are stable and high, and the widening of the interest spread supports bank stock prices. JPMorgan expects that earnings per share for China Mainland Banking stocks will steadily grow this year, the reduction in net interest margin will ease, and fee income growth will recover. The cost of deposits and portfolio optimization pose an upward risk to the net interest margin. The firm upgraded the ratings of China CITIC Bank Corporation and Industrial And Commercial Bank Of China from 'Neutral' to 'Shareholding', raising the target price for China CITIC Bank Corporation from 4.8 HKD to 6.25 HKD, and for Industrial And Commercial Bank Of China from 5.1 HKD to 5.8 HKD. JPMorgan stated that China Mainland Banking...
Morgan Stanley's investment rating and target price for China mainland banking stocks (table).
Morgan Stanley released a research report, listing the investment ratings and Target Prices for China Mainland Banking as follows: Stocks | Investment Rating | Target Price (HKD) Agricultural Bank Of China (01288.HK) | Shareholding | 4.25 -> 4.8 Bank Of China (03988.HK) | Neutral | 3.7 -> 3.8 China CITIC Bank Corporation (00998.HK) | Neutral -> Shareholding | 4.8 -> 6.25 China Construction Bank Corporation (00939.HK) | Shareholding | 6.75 -> 6.9 Industrial And Commercial Bank Of China (01398
J.P. Morgan adjusts the target price for major banks, upgrading the ratings of CCB (00998.HK) and ICBC (01398.HK) to 'Shareholding', with CMB (03968.HK) as the top choice.
JPMorgan published a report expecting that China Mainland Banking will outperform the market this year. It believes that bank dividend yields are stable and high, and the widening dividend spread supports bank stock prices. At the same time, it adjusts the Target Price for China Mainland Banking (see another table for details). JPMorgan expects that this year, the earnings per share for China Mainland Banking will grow steadily, the extent of reduction in net interest margins will ease, and fee income growth will recover. Deposit costs and optimization of the portfolio bring upward risks to net interest margin. The rating for China CITIC Bank Corporation (00998.HK) and Industrial And Commercial Bank Of China (01398.HK) has been upgraded from 'Neutral' to 'Shareholding', raising the Target Price for China CITIC Bank Corporation from 4.8 yuan to 6.25 yuan.
Hong Kong stocks in China Mainland Banking rose against the trend: Industrial And Commercial Bank Of China increased by 2%.
January 8, according to GELONGHUI | In the Hong Kong stock market, China Mainland Banking stocks are rising against the trend, with Industrial And Commercial Bank Of China up 2%. Agricultural Bank Of China, Bank Of China, HUISHANG BANK, CQRC BANK, and Postal Savings Bank Of China all rose over 1%. China CITIC Bank Corporation, Bank Of Communications, MINSHENG BANK, CM BANK, China Construction Bank Corporation, and China Zheshang Bank are all experiencing increases.
Express News | JPMorgan has upgraded the ratings of China CITIC Bank Corporation's A-shares and H-shares, as well as Industrial And Commercial Bank Of China's A-shares and H-shares, to overweight.
Industrial And Commercial Bank Of China (01398.HK) received 0.155 billion shares of Listed in Hong Kong from Ping An Insurance (Group) Company Limited, worth approximately 0.756 billion Hong Kong dollars.
On January 7, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on January 7, Ping An Insurance (Group) Company of China, Ltd. acquired 0.155 billion shares of Industrial And Commercial Bank Of China (01398.HK) at an average price of HKD 4.8816 per share on January 2, valued at approximately HKD 0.756 billion. After the acquisition, Ping An Insurance (Group) Company of China, Ltd.'s latest shareholding number is 13.907 billion shares, with the shareholding ratio increasing from 15.84% to 16.02%. Image source: Stock disclosure from the Exchange. What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders (those holding 5% or more of the shares)
CITIC Lyon: The strong performance of China Mainland Banking stocks may continue to be seen as a "safe haven."
Citi believes that the strength of China Mainland Banking is unlikely to end in the short term, and Banks may continue to be viewed as a "safe haven."
Express News | Insurance funds are favoring high dividends, and Institutions are bullish on the strategy for 2025 regarding dividends, which can be accessed through the Huatai-PB CSI Dividend Low Volatility ETF (512890).
Hong Kong Stock Market Afternoon Review | All three major indices fell, with the Hang Seng Index down nearly 2%; Network Technology stocks declined, with Tencent down nearly 7% and Xiaomi down over 8%; some mineral stocks rose against the trend, with CGN
Network Technology stocks fell, with XIAOMI-W down 8.13% and TENCENT down 6.79%; Biotechnology stocks declined, with EVEREST MED-B down 6.35% and WUXI BIO down 4.22%; Shipping and Ports stocks weakened, with COSCO Shipping Holdings down 3.47% and CHINA MER PORT down 2.49%.
Express News | Wang Haidong, the former client manager of the Bozhou branch of the Industrial And Commercial Bank Of China, is under investigation.
Express News | Shandong Iron And Steel: Supplementary source of funds for share buyback received a commitment letter for a special loan for share buyback.
Industrial & Commercial Bank of China Fair Value Estimate Raised to HK$6.36 From HK$5.50 by OCBC Investment Research >1398.HK
Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing
Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.