Citigroup released a research report saying that it gave Industrial and Commercial Bank of China (601398) (01398) 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 331 billion yuan, and after-tax net profit increased by 9.9% year-on-year.% to 163.5 billion yuan. According to the report, due to strong transaction earnings, solid loan growth and lower cost-to-income ratios, pre-provision profit in the second quarter of this year increased by 8.5% year-on-year, and due to lower credit costs, after-tax net profit in the second quarter of this year Net profit increased by 20.9% year-on-year to 77.7 billion yuan, both...
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Citigroup: Give ICBC a "buy" rating with a target price of HK $6.99
智通财经2021-08-30
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- 朱时·2021-08-30**LikeReport
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