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| HSI1 | 23,094.83 | 0.00 | -- |
| HSCEI1 | 7,791.63 | 0.00 | -- |
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2026-10-28 11:14:53 JPMorgan published a research report stating that it upgraded ICBC (01398.HK) from "Not Rated" to "Overweight", with a TP of HKD8.7. The broker forecast ICBC's earnings to grow by 3.9%, 4.3% and 4.5% in 2026, 2027 and 2028, respectively. JPMorgan said records over the past decade showed that ICBC's EPS and dividend volatility were lower than the industry average. Compared with peers, ICBC faces lower downside risks from the tariff war, while any capital injection would also result in lower dilution risks than peers. In the medium term, dividends remain the key supporting factor. The broker believed downside risks to dividends are limited, as ICBC can offset potential negative factors such as additional asymmetric rate cuts, mortgage refinancing at lower interest rates, or a rise in non-performing loan formation through the release of provisions.(sl/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |