Update shared on02 Sep 2025
Fair value Increased 1.50%Analysts have raised their price target for Industrial and Commercial Bank of China to HK$6.97, citing improving economic conditions, stabilizing loan quality, supportive policy outlook, and renewed earnings optimism.
Analyst Commentary
- Increasing likelihood of a soft landing in China's economy supporting a re-rating of bank stocks.
- Stabilization of loan quality, reducing credit risk concerns.
- Anticipated policy tailwinds providing favorable conditions for the banking sector.
- Bullish analysts highlighting sector-wide catalysts expected to drive share gains.
- Initiation of coverage reflecting renewed optimism for earnings and fundamentals.
What's in the News
- Board meeting scheduled to approve interim results and consider dividend payments for the first half of 2025.
- Board approved full redemption of USD 2.9 billion offshore preference shares, with regulatory clearance received, to be executed in September 2025.
Valuation Changes
Summary of Valuation Changes for Industrial and Commercial Bank of China
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from HK$6.88 to HK$6.97.
- The Consensus Revenue Growth forecasts for Industrial and Commercial Bank of China has significantly risen from 10.9% per annum to 12.1% per annum.
- The Future P/E for Industrial and Commercial Bank of China has risen from 7.47x to 8.20x.
Disclaimer
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