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01398 ICBC
RTNominal down4.360 -0.040 (-0.909%)
Research Report

19/04/2021 10:54

{I-bank focus}Nomura raises ICBC (01398) to HK$6.38

[ET Net News Agency, 19 April 2021] Nomura raised its target price for ICBC (01398) to
HK$6.38 from HK$6.17 and maintained its "buy" rating.
The research house said it lowers FY21F credit cost by 12bp to 0.88% to reflect lower
provision pressure owing to improving asset quality. It also raises FY21F fee income
growth by 2pp, to 6.4%, to reflect the likely fee income recovery in 2021F. (RC)

Remark: Real time quote last updated: 16/09/2021 18:00
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