Citigroup: Gives ICBC a "Buy" rating with a target price of HK$6.99

智通财经2021-08-30

Citigroup released a research report stating that it has given Industrial and Commercial Bank of China (601398) a "buy" rating with a target price of HK$6.99. In the first half of this year, pre-provision profit increased by 5.4% year-on-year to RMB 331 billion, and after-tax net profit increased by 9.9% year-on-year to RMB 163.5 billion. The report states that pre-provision profit increased by 8.5% year-on-year in the second quarter of this year, driven by strong transaction earnings, robust loan growth, and a low cost-to-income ratio. Net profit after tax increased by 20.9% year-on-year to RMB 77.7 billion in the second quarter of this year due to lower credit costs, both...

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朱时
2021-08-30
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The report states that pre-provision profit increased by 8.5% year-on-year in the second quarter of this year, driven by strong transaction earnings, robust loan growth, and a low cost-to-income ratio. 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In the first half of this year, pre-provision profit increased by 5.4% year-on-year to RMB 331 billion, and after-tax net profit increased by 9.9% year-on-year to RMB 163.5 billion. The report states that pre-provision profit increased by 8.5% year-on-year in the second quarter of this year, driven by strong transaction earnings, robust loan growth, and a low cost-to-income ratio. Net profit after tax increased by 20.9% year-on-year to RMB 77.7 billion in the second quarter of this year due to lower credit costs, both...</p><p><a href=\"http://stock.10jqka.com.cn/hks/20210830/c632269022.shtml\">Web page link</a></div></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>Citigroup: Gives ICBC a \"Buy\" rating with a target price 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\">\nCitigroup: Gives ICBC a \"Buy\" rating with a target price 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><div>Citigroup released a research report stating that it has given Industrial and Commercial Bank of China (601398) a \"buy\" rating with a target price of HK$6.99. In the first half of this year, pre-provision profit increased by 5.4% year-on-year to RMB 331 billion, and after-tax net profit increased by 9.9% year-on-year to RMB 163.5 billion. The report states that pre-provision profit increased by 8.5% year-on-year in the second quarter of this year, driven by strong transaction earnings, robust loan growth, and a low cost-to-income ratio. Net profit after tax increased by 20.9% year-on-year to RMB 77.7 billion in the second quarter of this year due to lower credit costs, both...</p><p><a href=\"http://stock.10jqka.com.cn/hks/20210830/c632269022.shtml\">Web page link</a></div></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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","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}