Back    Zoom +    Zoom -
<Research>BOCI Cuts ICBC (01398.HK) TP to $6.25; Interim NP in Line
Recommend
29
Positive
40
Negative
32
ICBC (01398.HK) logged a YoY decrease of 1.9% in 1H net profit, broadly in line with the broker's expectations, according to a report released by BOCI.

According to the report, ICBC's asset quality remained solid in 1H24, with the net interest margin standing at 1.43%, down 18 bps from the end of 2023.

Related NewsCICC Lists Top 20 CN Stocks by Mkt Cap w/ Adjusted NP YoY Growth Forecasts (Table)
BOCI lowered the TP for ICBC's H-shares to $6.25 and maintained a Buy rating.
AAStocks Financial News