SEHK:1398Banks
Is It Too Late To Consider ICBC (SEHK:1398) After Its Strong Multi Year Share Price Gains
If you are wondering whether Industrial and Commercial Bank of China is attractively priced right now, the recent share performance gives a useful starting point, but not the full story.
The stock last closed at HK$6.97, with reported returns of 0.1% over 7 days, 12.1% over 30 days, 9.9% year to date, 40.6% over 1 year, 108.8% over 3 years and 88.1% over 5 years. This raises fair questions about how the current price lines up with underlying value.
Recent coverage of large Chinese banks has...