Citi: Give ICBC a "Buy" Rating with a Price Target of HK$6.99

智通财经2021-08-30

　　CitigroupPublished a study report stating thatICBC(601398) (01398) with a "Buy" rating and a price target of HK$6.99, profit before provisions rose 5.4% year-on-year to 331 billion yuan and net profit after tax rose 9.9% year-on-year to 163.5 billion yuan in the first half of this year.

According to the report, profit before provisions rose 8.5% year-on-year in the second quarter of this year due to strong trading earnings, solid loan growth and a lower cost-to-income ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan in the second quarter of this year due to lower credit costs, both in line with expectations.

According to the bank, the main positive factors of the company at present are that deposits increased by 2.5% quarterly in the second quarter of this year, which was higher than loans increased by 2.4% quarterly, resulting in the loan-to-deposit ratio dropping by 11 basis points quarterly to 75.2% in the second quarter of this year; Loan growth remained strong in the second quarter of the year, up 11.2% year-over-year, driven by, among other things, corporate loan growth and strong small business loan growth on a low base.

followFlushFinance (ths518), Get More Opportunities

Editor in Charge: cjh

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

朱时
2021-08-30
朱时
**

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2163007324?lang=en_US&edition=fundamental","thumbnail":"https://static.tigerbbs.com/54eb9062eb7ff53b7cf0fcca2dd9cd81","is_english":false,"pubTime":"2021-08-30 16:58","share_image_url":"https://static.laohu8.com/f0343184bd9b9c963ed02b302442e2b8","id":"2163007324","market":"sh","top_or_hot":-1,"title":"Citi: Give ICBC a \"Buy\" Rating with a Price Target of HK$6.99","media":"智通财经","content":"<p><html><body><div>　　<a href=\"https://laohu8.com/S/C\">Citigroup</a>Published a study report stating that<a href=\"https://laohu8.com/S/601398\">ICBC</a>(601398) (01398) with a \"Buy\" rating and a price target of HK$6.99, profit before provisions rose 5.4% year-on-year to 331 billion yuan and net profit after tax rose 9.9% year-on-year to 163.5 billion yuan in the first half of this year.</p><p>According to the report, profit before provisions rose 8.5% year-on-year in the second quarter of this year due to strong trading earnings, solid loan growth and a lower cost-to-income ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan in the second quarter of this year due to lower credit costs, both in line with expectations.</p><p>According to the bank, the main positive factors of the company at present are that deposits increased by 2.5% quarterly in the second quarter of this year, which was higher than loans increased by 2.4% quarterly, resulting in the loan-to-deposit ratio dropping by 11 basis points quarterly to 75.2% in the second quarter of this year; Loan growth remained strong in the second quarter of the year, up 11.2% year-over-year, driven by, among other things, corporate loan growth and strong small business loan growth on a low base.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Flush</a>Finance (ths518), Get More Opportunities</strong></p><p><span></span><div><span>Editor in Charge: cjh</span></div></div></body></html></p>","source":"tonghuashun","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi: Give ICBC a \"Buy\" Rating with a Price Target of HK$6.99</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti: Give ICBC a \"Buy\" Rating with a Price Target of HK$6.99\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-08-30 16:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div>　　<a href=\"https://laohu8.com/S/C\">Citigroup</a>Published a study report stating that<a href=\"https://laohu8.com/S/601398\">ICBC</a>(601398) (01398) with a \"Buy\" rating and a price target of HK$6.99, profit before provisions rose 5.4% year-on-year to 331 billion yuan and net profit after tax rose 9.9% year-on-year to 163.5 billion yuan in the first half of this year.</p><p>According to the report, profit before provisions rose 8.5% year-on-year in the second quarter of this year due to strong trading earnings, solid loan growth and a lower cost-to-income ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan in the second quarter of this year due to lower credit costs, both in line with expectations.</p><p>According to the bank, the main positive factors of the company at present are that deposits increased by 2.5% quarterly in the second quarter of this year, which was higher than loans increased by 2.4% quarterly, resulting in the loan-to-deposit ratio dropping by 11 basis points quarterly to 75.2% in the second quarter of this year; Loan growth remained strong in the second quarter of the year, up 11.2% year-over-year, driven by, among other things, corporate loan growth and strong small business loan growth on a low base.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Flush</a>Finance (ths518), Get More Opportunities</strong></p><p><span></span><div><span>Editor in Charge: cjh</span></div></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://stock.10jqka.com.cn/hks/20210830/c632269022.shtml\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01398","symbol_name":"工商银行","start_time":0,"source_url":"http://stock.10jqka.com.cn/hks/20210830/c632269022.shtml","article_id":"2163007324","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/54eb9062eb7ff53b7cf0fcca2dd9cd81"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2163007324","pubTimestamp":1630313884,"columns":[],"sourceInfo":{"source_id":"tonghuashun","name":"同花顺"},"weMediaInfo":null,"summary":"花旗发布研究报告称，予工商银行(01398)“买入”评级，目标价6.99港元，今年上半年拨备前利润同比增长5.4%至3310亿元人民币，税后净利润同比增长9.9%至1635亿元人民币。报告中称，由于强劲 ...","collect":0,"end_time":0,"defaultTopTitle":"10jqka.com.cn","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"601398":"工商银行","01398":"工商银行"},"translate_title":"Citigroup: Give Industrial And Commercial Bank Of China Limited a \"buy\" rating target price of HK $6.99","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601398":1,"01398":1},"content_text":"花旗发布研究报告称，予工商银行（601398）(01398)“买入”评级，目标价6.99港元，今年上半年拨备前利润同比增长5.4%至3310亿元人民币，税后净利润同比增长9.9%至1635亿元人民币。　　报告中称，由于强劲的交易收益、稳健的贷款增长和较低的成本与收入比率，今年第二季度拨备前利润同比增长8.5%，由于较低的信贷成本，今年第二季度税后净利润同比增长20.9%至777亿元人民币，两者均符合预期。　　该行表示，现时公司的主要正面因素为，今年第二季度存款按季增长2.5%，高于贷款按季增长2.4%，导致贷存比率按季下降11个基点至今年第二季度的75.2%;今年第二季度贷款增长保持强劲，同比增长11.2%，主要由在低基数的情况下，公司贷款增长和强劲的小企业贷款增长所带动等。\n关注同花顺财经（ths518），获取更多机会\n\n责任编辑：cjh","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":811610383,"gmtCreate":1630315632342,"gmtModify":1676530266256,"author":{"id":"3435615840878311","authorId":"3435615840878311","name":"朱时","avatar":"https://static.tigerbbs.com/931ccc12171c6d287be9ae1be78c5f05","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"3435615840878311","idStr":"3435615840878311"},"htmlText":"**","listText":"**","text":"**","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811610383","repostId":2163007324,"repostType":2,"repost":{"id":"2163007324","kind":"news","pubTimestamp":1630313884,"share":"https://ttm.financial/m/news/2163007324?lang=en_US&edition=fundamental","pubTime":"2021-08-30 16:58","market":"sh","language":"zh","title":"Citi: Give ICBC a \"Buy\" Rating with a Price Target of HK$6.99","url":"https://stock-news.laohu8.com/highlight/detail?id=2163007324","media":"智通财经","summary":"花旗发布研究报告称，予工商银行(01398)“买入”评级，目标价6.99港元，今年上半年拨备前利润同比增长5.4%至3310亿元人民币，税后净利润同比增长9.9%至1635亿元人民币。报告中称，由于强劲 ...","content":"<p><html><body><div>　　<a href=\"https://laohu8.com/S/C\">Citigroup</a>Published a study report stating that<a href=\"https://laohu8.com/S/601398\">ICBC</a>(601398) (01398) with a \"Buy\" rating and a price target of HK$6.99, profit before provisions rose 5.4% year-on-year to 331 billion yuan and net profit after tax rose 9.9% year-on-year to 163.5 billion yuan in the first half of this year.</p><p>According to the report, profit before provisions rose 8.5% year-on-year in the second quarter of this year due to strong trading earnings, solid loan growth and a lower cost-to-income ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan in the second quarter of this year due to lower credit costs, both in line with expectations.</p><p>According to the bank, the main positive factors of the company at present are that deposits increased by 2.5% quarterly in the second quarter of this year, which was higher than loans increased by 2.4% quarterly, resulting in the loan-to-deposit ratio dropping by 11 basis points quarterly to 75.2% in the second quarter of this year; Loan growth remained strong in the second quarter of the year, up 11.2% year-over-year, driven by, among other things, corporate loan growth and strong small business loan growth on a low base.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Flush</a>Finance (ths518), Get More Opportunities</strong></p><p><span></span><div><span>Editor in Charge: cjh</span></div></div></body></html></p>","source":"tonghuashun","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi: Give ICBC a \"Buy\" Rating with a Price Target of HK$6.99</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti: Give ICBC a \"Buy\" Rating with a Price Target of HK$6.99\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-08-30 16:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div>　　<a href=\"https://laohu8.com/S/C\">Citigroup</a>Published a study report stating that<a href=\"https://laohu8.com/S/601398\">ICBC</a>(601398) (01398) with a \"Buy\" rating and a price target of HK$6.99, profit before provisions rose 5.4% year-on-year to 331 billion yuan and net profit after tax rose 9.9% year-on-year to 163.5 billion yuan in the first half of this year.</p><p>According to the report, profit before provisions rose 8.5% year-on-year in the second quarter of this year due to strong trading earnings, solid loan growth and a lower cost-to-income ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan in the second quarter of this year due to lower credit costs, both in line with expectations.</p><p>According to the bank, the main positive factors of the company at present are that deposits increased by 2.5% quarterly in the second quarter of this year, which was higher than loans increased by 2.4% quarterly, resulting in the loan-to-deposit ratio dropping by 11 basis points quarterly to 75.2% in the second quarter of this year; Loan growth remained strong in the second quarter of the year, up 11.2% year-over-year, driven by, among other things, corporate loan growth and strong small business loan growth on a low base.</p><p><strong>follow<a href=\"https://laohu8.com/S/300033\">Flush</a>Finance (ths518), Get More Opportunities</strong></p><p><span></span><div><span>Editor in Charge: cjh</span></div></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://stock.10jqka.com.cn/hks/20210830/c632269022.shtml\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/54eb9062eb7ff53b7cf0fcca2dd9cd81","relate_stocks":{"601398":"工商银行","01398":"工商银行"},"source_url":"http://stock.10jqka.com.cn/hks/20210830/c632269022.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/f0343184bd9b9c963ed02b302442e2b8","article_id":"2163007324","content_text":"花旗发布研究报告称，予工商银行（601398）(01398)“买入”评级，目标价6.99港元，今年上半年拨备前利润同比增长5.4%至3310亿元人民币，税后净利润同比增长9.9%至1635亿元人民币。　　报告中称，由于强劲的交易收益、稳健的贷款增长和较低的成本与收入比率，今年第二季度拨备前利润同比增长8.5%，由于较低的信贷成本，今年第二季度税后净利润同比增长20.9%至777亿元人民币，两者均符合预期。　　该行表示，现时公司的主要正面因素为，今年第二季度存款按季增长2.5%，高于贷款按季增长2.4%，导致贷存比率按季下降11个基点至今年第二季度的75.2%;今年第二季度贷款增长保持强劲，同比增长11.2%，主要由在低基数的情况下，公司贷款增长和强劲的小企业贷款增长所带动等。\n关注同花顺财经（ths518），获取更多机会\n\n责任编辑：cjh","news_type":1,"symbols_score_info":{"601398":1,"01398":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2163007324","isCrawlerRequest":true}