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Industrial and Commercial Bank of China Ltd Add to portfolio

HSI:1398, Jun 05, 04:10 UTC

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Friday, February 14


News

I Built A List Of Growing Companies And Industrial and Commercial Bank of China (HKG:1398) Made The Cut

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It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks with a good story, even if those businesses lose money. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. So if you’re like me, you might be more interested in profitable, growing companies, like Industrial and Commercial Bank of China (HKG:1398). While profit is not necessarily a social good, it’s easy to admire a business that can consistently produce it. Not all of Industrial and Commercial Bank of China’s revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I’ve used might not be the best representation of the underlying business. I always like to check up on CEO compensation, because I think that reasonable pay levels, around or below the median, can be a sign that shareholder interests are well considered. For companies with market capitalizations over CN¥56b, like Industrial and Commercial Bank of China, the median CEO pay is around CN¥6.9m. Of course, just because Industrial and Commercial Bank of China is growing does not mean it is undervalued. If you’re wondering about the valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

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simplywall.st
Topics:
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  • Financial

Tuesday, February 11


News

China's Banks Face $6 Trillion Coronavirus Cataclysm If Epidemic Is Not Contained Soon

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China's Banks Face $6 Trillion Coronavirus Cataclysm If Epidemic Is Not Contained Soon. This is a big problem, because as noted above if the PBOC's 2019 stress test is credible, more than half of China's banks would fail the "stress test" should GDP drop to just 4.15%; and one can only imagine what happens to China's banks if GDP prints negative. Or, alternatively, one can read the fine print, where we find that among the immediate first order consequences of a GDP crunch is that the bad loan ratio at the nation's 30 biggest banks would rise five-fold, flooding the country with trillions in non-performing loans, and potentially unleashing a tsunami of bank defaults. Of course, regular readers are wll aware that China's banks are already suffering record loan defaults as the economy last year expanded at the slowest pace in three decades. As extensively covered The slump tore through the nation’s $41 trillion banking system, forcing the not only the first bank seizure in two decades as Baoshang Bank was nationalized , but also bailouts at Bank of Jinzhou, China's Heng Feng Bank, as well as two very troubling bank runs at China's Henan Yichuan Rural Commercial Bank at the start of the month, and then more recently at Yingkou Coastal Bank. Doing its own calculations based on China’s stress tests, Bloomberg reports that according to S&P estimates, the worst-case scenario would cause bad debt to balloon by 5.6 trillion yuan ($800 billion), for a ratio of about 6.3%, adding to the already daunting 2.4 trillion yuan of non-performing loans China’s banks are sitting on (a number which, like the details of the viral epidemic, is largely massaged lower and the real number is far higher according to even conservative skeptics).

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zerohedge.com
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  • Business
  • Financial

Friday, January 24


News

Did You Miss Industrial and Commercial Bank of China’s (HKG:1398) 18% Share Price Gain?

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By buying an index fund, you can roughly match the market return with ease. But if you pick the right individual stocks, you could make more than that. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

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Story Sources

simplywall.st
Topics:
  • Business
  • Financial

Friday, December 20


News

Is Industrial and Commercial Bank of China Limited (HKG:1398) Excessively Paying Its CEO?

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At the time of writing, our data says that Industrial and Commercial Bank of China Limited has a market cap of HK$2.3t, and reported total annual CEO compensation of CN¥673k for the year to December 2018. While this analysis focuses on total compensation, it’s worth noting the salary is lower, valued at CN¥546k. A first glance this seems like a real positive for shareholders, since Shu Gu is paid less than the average total compensation paid by other large companies. Boasting a total shareholder return of 55% over three years, Industrial and Commercial Bank of China Limited has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size. We would like to see EPS growth, but in our view it seems the CEO is modestly remunerated. So you may want to check if insiders are buying Industrial and Commercial Bank of China shares with their own money (free access).

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Story Sources

simplywall.st
Topics:
  • Business
  • Financial
News

Specialty Chemical Company China XD Plastics Announces Drawdown of US$135 million Loan Financing

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The Company's products are used in the exterior and interior trim and in the functional components of 31 automobile brands manufactured in China, including without limitation, Audi, Mercedes Benz, BMW, Toyota, Buick, Chevrolet, Mazda, Volvo, Ford, Citroen, Jinbei and VW Passat, Golf, Jetta, etc. Through continuous endeavor and stable development, the Bank has developed into one of the top large listed banks in the world, possessing an excellent customer base, a diversified business structure, strong innovation capabilities and market competitiveness and providing comprehensive financial products and services to 5,784 thousand corporate customers and 530 million personal customers. Potential risks and uncertainties include, but are not limited to, the global economic uncertainty could further impair the automotive industry and limit demand for our products; fluctuations in automotive sales and production could have a material adverse effect on our results of operations and liquidity; our financial performance may be affected by the prospect of our Dubai facility and the associated expansion into Middle East, Europe and other parts of Asia; the withdrawal of preferential government policies and the tightening control over the Chinese automotive industry and automobile purchase restrictions imposed in certain major cities may limit market demand for our products; the slowing of Chinese automotive industry's growth; the concentration of our distributors, customers and suppliers; and other risks detailed in the Company's filings with the Securities and Exchange Commission and available on its website at http://www.sec.gov. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. SOURCE China XD Plastics Company Limited.

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Sunday, December 15


News

Stock to Keep Your Eyes on:: Industrial and Commercial Bank of China Limited (HKSE:1398)

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RSI moves in the range of 0 and 100. So an RSI of 0 means that the stock price has fallen in all of the 14 trading days. Analysts’ recommendations are the fountainhead of equity research reports and should be used in tangent with proprietary research and investment methodologies in order to make investment decisions. If you are considering getting into the day trading or stock market, it’s a legitimate and profitable method for making a living. Every good investor knows that in order to make money on any investment, you must first understand all aspects of it, so let’s look at daily change, stock price movement in some particular time frame, volatility update, performance indicators and technical analysis and analyst rating. This piece of financial article provides a short snap of Industrial and Commercial Bank of China Limited regarding latest trading session and presents some other indicators that can help you to support yours research about Industrial and Commercial Bank of China Limited.

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webnewsobserver.com
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Monday, December 09


News

ICBC Credit Suisse, CCB Principal lead Broadridge’s China Retail Brand Ranking for Sino-foreign JV fund firms

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Sino-foreign JV fund firms generally enjoy good brand recognition among Chinese retail investors, as they occupy eight spots in the top-15 list for brand recognition, albeit they trend towards the bottom half of the table. In fact, the JV brands tend to reflect the influence and relevance of their respective Chinese parents, and those with a Chinese bank parent are usually ranked high. For instance, ICBC Credit Suisse is the fund JV between China’s largest bank, Industrial and Commercial Bank of China, and Swiss wealth management giant Credit Suisse, while CCB Principal is jointly owned by China Construction Bank, one of the "Big Four" banks in China and US-based Principal Financial. With the China Securities Regulatory Commission (CSRC) recently announcing that it would fully lift the foreign ownership limit for fund management firms starting from 1 April 2020, more global firms are expected to take a majority stake in their Chinese JVs or even establish 100%-owned retail fund businesses in China. The bi-annual survey also reveals in detail the preferences of Chinese retail investors for fund and other financial products, investment allocation, investment decision-making, purchasing channels, as well as fund company brands and other factors. For instance, Chinese investors, similar to their counterparts in other emerging markets, are well characterized by their performance-chasing related behaviours. However, the popularity and scale of a fund company, which can greatly contribute to brand perception, are ranked consistently high among retail investors surveyed, reflecting the importance of branding in selling mutual funds in China.

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  • Business
  • Financial
News

ICBC Credit Suisse, CCB Principal lead Broadridge’s China Retail Brand Ranking for Sino-foreign JV fund firms

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Sino-foreign JV fund firms generally enjoy good brand recognition among Chinese retail investors, as they occupy eight spots in the top-15 list for brand recognition, albeit they trend towards the bottom half of the table. Among the fund managers on the top-15 list, China International Fund Management (CIFM) stands out as a JV that has benefited more from its foreign than local parent, namely JP Morgan, which is a highly regarded brand in China. With the China Securities Regulatory Commission (CSRC) recently announcing that it would fully lift the foreign ownership limit for fund management firms starting from 1 April 2020, more global firms are expected to take a majority stake in their Chinese JVs or even establish 100%-owned retail fund businesses in China. The bi-annual survey also reveals in detail the preferences of Chinese retail investors for fund and other financial products, investment allocation, investment decision-making, purchasing channels, as well as fund company brands and other factors. For instance, Chinese investors, similar to their counterparts in other emerging markets, are well characterized by their performance-chasing related behaviours. However, the popularity and scale of a fund company, which can greatly contribute to brand perception, are ranked consistently high among retail investors surveyed, reflecting the importance of branding in selling mutual funds in China.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, December 05


News

Payments Market 2021 Growth by Top Players – Citigroup, PayPal, FIS, Bank of America, Industrial and Commercial Bank of China – The Market Publicist

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https://www.marketinsightsreports.com/reports/0213220317/payments-global-market-report-2018-including-payments-covering-paypal-fis-bank-of-america-industrial-and-commercial-bank-of-china-citigroup-inc/inquiry?source=MW&Mode=20. Revenue generated from the payments market include all the processing and services fees levied by the banks and financial institutions for payment processing. The Asia Pacific was the largest geographic market in the Payments industry in 2017, accounting for 38% of the global market. North America was the second-largest geographic market, accounting for 35% of the global market. According to the 2016 World Payments Report published by Capgemini, the global volume of non-cash payments reached $387.3 billion in 2014, recording an 8.9% year-on-year growth.

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  • Business
  • Financial

Friday, November 22


News

Huge Demand for Lending Market 2019 top key companies profiled like Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Citigroup Inc., and JP Morgan – Market Report Gazette

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Huge Demand for Lending Market 2019 top key companies profiled like Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Citigroup Inc., and JP Morgan. The cards and payments market involves of sales of cards and payments services by entities (organizations, sole traders and partnerships) that engage in storing, processing and transmitting payment card data. The growth in the lending market is due to outline of additional security features such as EMV, launch of innovative products and increasing penetration of contact less cards which are easy to use. The Research Insights observes that the rising needs of the global Lending sector are influencing the growth of the Lending market. For a thorough modest scrutiny altered regions such as North America, Latin America, Asia-Pacific, Africa, and Europe have been examined on the basis of business aspects such as applications, technologies, tools, and standard operating procedures.

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Topics:
  • Business
  • Financial