What You Could Have Used On ICBC Before 38% And It Was Not Comfort

Simply Wall St.10-03

If you only skimmed headlines about hidden bad debts across Chinese banks and fresh capital injections into state lenders, a double digit gain from Industrial and Commercial Bank of China might come ...

Source Link

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2672997742?lang=en_US&edition=fundamental","thumbnail":"https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/industry/7012000-choice2-card/1788952211078","is_english":true,"pubTime":"2026-10-03 07:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2672997742","market":"hk","top_or_hot":-1,"title":"What You Could Have Used On ICBC Before 38% And It Was Not Comfort","media":"Simply Wall St.","content":"<div>\n<p>If you only skimmed headlines about hidden bad debts across Chinese banks and fresh capital injections into state lenders, a double digit gain from Industrial and Commercial Bank of China might come ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/banks/hkg-1398/industrial-and-commercial-bank-of-china-shares/news/what-you-could-have-used-on-icbc-before-38-and-it-was-not-co\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","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>What You Could Have Used On ICBC Before 38% And It Was Not Comfort</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nWhat You Could Have Used On ICBC Before 38% And It Was Not Comfort\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-03 07:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/banks/hkg-1398/industrial-and-commercial-bank-of-china-shares/news/what-you-could-have-used-on-icbc-before-38-and-it-was-not-co><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you only skimmed headlines about hidden bad debts across Chinese banks and fresh capital injections into state lenders, a double digit gain from Industrial and Commercial Bank of China might come ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/banks/hkg-1398/industrial-and-commercial-bank-of-china-shares/news/what-you-could-have-used-on-icbc-before-38-and-it-was-not-co\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1497733631.SGD","symbol_name":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","start_time":0,"source_url":"https://simplywall.st/stocks/hk/banks/hkg-1398/industrial-and-commercial-bank-of-china-shares/news/what-you-could-have-used-on-icbc-before-38-and-it-was-not-co","article_id":"2672997742","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/industry/7012000-choice2-card/1788952211078"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/banks/hkg-1398/industrial-and-commercial-bank-of-china-shares/news/what-you-could-have-used-on-icbc-before-38-and-it-was-not-co","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672997742","pubTimestamp":1790983455,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"If you only skimmed headlines about hidden bad debts across Chinese banks and fresh capital injections into state lenders, a double digit gain from Industrial and Commercial Bank of China might come as a surprise. For Industrial and Commercial Bank of China shareholders, the return over the past year was 37.9%, including dividends. If you had been deciding whether to buy or avoid the shares back in October 2025, what exactly did that contrast between visible risks and eventual reward ask you...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","SG9999007991.SGD":"Schroder Asian Income A Dis SGD","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","01398":"工商银行","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0823426480.USD":"法巴中国股票经典Dis","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU2449936058.SGD":"SUSTAINABLE ASIA EQUITY \"AA\" (SGD) ACC","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","HK0001040143.USD":"中信里昂大中华高息股票基金 美元","BK1560":"内银股","LU0173614495.USD":"富达中国焦点A","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0359201612.USD":"贝莱德中国基金A2","IE00BYV24P56.USD":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (USD) ACC","LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","HK0000286598.CNH":"中银保诚中国价值基金 A","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","03143":"华夏香港银行股","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK1231":"综合性银行","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC"},"translate_title":"在38%之前，你可以在工商银行使用什么，但这并不舒服","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01398":1.5,"03143":0.6},"content_text":"If you only skimmed headlines about hidden bad debts across Chinese banks and fresh capital injections into state lenders, a double digit gain from Industrial and Commercial Bank of China might come as a surprise. For Industrial and Commercial Bank of China shareholders, the return over the past year was 37.9%, including dividends. If you had been deciding whether to buy or avoid the shares back in October 2025, what exactly did that contrast between visible risks and eventual reward ask you to weigh? The easy part of this move is behind Industrial and Commercial Bank of China. Zero in on 195 high quality undervalued stocks for companies trading below our estimates. AdvertisementThe Two Stories Investors Had To Weigh On Industrial and Commercial Bank of China The shares cost HK$5.73 at the start of the period, and anyone looking at Industrial and Commercial Bank of China had to choose between two very different stories. The bullish view pointed to a Fair Value of HK$6.99, a price that would only make sense if assumptions like 12.1% annual revenue growth and a future P/E of 7.5x played out, supported by factors such as digital transformation and Belt and Road lending. The bearish camp anchored on a Fair Value of HK$5.08, with worries focused on slowing Chinese growth, high risk lending and pressure on asset quality, even though it still used 9.8% annual revenue growth in its framework. SEHK:1398 1-Year Stock Price Chart What The Results Changed For Industrial and Commercial Bank of China The clearest new datapoint for Industrial and Commercial Bank of China was the Q2 2026 report. Revenue moved from C¥157,356m in Q2 2025 to C¥166,459m in Q2 2026 and net income also rose, which lent some support to the bullish growth story. Net margin slipped from 51.0% to 49.5%, which kept the more cautious view on profitability alive. Overall, the evidence cut both ways. The lesson here is to separate growth from quality. When you see a bank presenting a higher fair value based on revenue forecasts, track whether net margin, and not just absolute profit, lines up with that story in each new set of results. What Industrial and Commercial Bank of China’s Price Now Bakes In Industrial and Commercial Bank of China now trades at HK$7.46, and the selected Narrative’s Fair Value sits above that level. The current argument leans heavily on international reach, digital banking scale and green finance as pillars for earnings resilience. For anyone studying that view, the key test is whether ICBC’s global footprint and digital platforms can keep turning into higher quality fee and interest income over time. \"Analyst consensus expects internationalization and diversification to drive incremental revenue and earnings, but given the pace of overseas expansion, now covering 69 countries and contributing nearly 10 percent to operating income, ICBC's global network is described as an important engine for revenue growth and earnings resilience as RMB internationalization develops.\" Not everyone reads the same price the same way. → See the higher figure this Narrative lands on, and how it gets there Go Straight To The Source You may be late to this rally, but that does not have to mean arriving late to every opportunity. Start with companies whose prices leave room for a different view of their future. Here are three trading below our estimates.  Company 1 - 44% below our estimate - uses hiring data and rapid AI integration to refine talent matching and expand offerings. Company 2 - 31% below our estimate - increases mine throughput while exploration success supports a longer life for its key operation. Company 3 - 23% below our estimate - opens new pharmacies and introduces loyalty cashback that encourages higher healthcare spending and repeat visits.  Three companies from the same screener. Open the full list of 207 financially solid companies →  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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/2672997742","isCrawlerRequest":true}