SEHK:1398Banks
ICBC (SEHK:1398) Margin Compression Challenges Bullish Value Narratives Despite Profitable Growth
Industrial and Commercial Bank of China (SEHK:1398) posted annual earnings growth of 2.6% over the last five years and is now forecast to grow earnings at 3.4% per year going forward. Revenue is projected to climb at 8.8% per year, slightly outpacing the wider Hong Kong market, with net profit margins holding at a healthy 51.6%. This is down from 54.2% last year, highlighting some pressure on profitability despite solid ongoing profits. Investors may note that ICBC's earnings growth is...