Citigroup: Give ICBC a "buy" rating with a target price of HK $6.99

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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

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. Profit before provision in the first half of this year increased by 5.4% year-on-year to 331 billion yuan, and net profit after tax increased by 9.9% year-on-year.% to 163.5 billion yuan. According to the report, profit before provision rose 8.5% year-on-year in the second quarter of this year due to strong trading earnings, solid loan growth and lower cost-to-revenue ratio, and net profit after tax rose 20.9% year-on-year to 77.7 billion yuan due to lower credit costs, both...

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朱时
·2021-08-30
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