b1uesky
2022-12-04

$ICBC(01398)$ is bank rank within world top ten and largest bank in the world by asset size( USD 5.54.trillion at end of 2021)Last year the earning grew by 6.8%.

I believe many people like to have dividend stocks too. They provide 8% dividend yield which more then $DBS(DBS)$ n $OVERSEA-CHINESE BANKING CORP(O39.SI)$ .Both provide around 4%. From my own research, Singapore Temasek are holding 2.44% of ICBC stock.  

Convir & lockdown are both reasons why the stock price are low. Lowest price is $3.36 and there is 20% lower compare to 52 week stock price ($4.94). 

Evergreen event also proven that China is tighten the relegation and reducing risk.With recent weeks, there are reducing lockdown plans have been made from news. China's central bank still continues lower interest rates which different from others( most countries are increasing interest rates). They hope to shore up her economy and these plans will help people to take loans for housing plans and provide funds for companies during the lockdown.

Please do own research before buying any stocks. Thanks for reading my post. Please help to comment and give a likes. 

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

  • ChallengerDT
    2022-12-04
    ChallengerDT
    buy only ehat u know
    • b1uesky
      I also agreed. thk for reading
  • powerbert
    2022-12-04
    powerbert
    China bank earnings is influenced by the China government, very difficult to judge.
    • b1uesky
      I agreed what u say. Therefore everyone have to do own research before buying any stock.
  • Aqa
    2022-12-04
    Aqa
    Thanks for sharing. ICBC is good buy.
  • 散修2706
    2022-12-04
    散修2706
    在老虎平台可以买工商银行吗?
  • Maria_yy
    2022-12-07
    Maria_yy
    The current valuation of ICBC is really attractive.
  • gcle
    2022-12-05
    gcle
    nice post thank you
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