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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Industrial and Commercial Bank of China Limited    1398   CNE1000003G1

INDUSTRIAL AND COMMERCIAL BANK OF CHINA

(1398)
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Industrial and Commercial Bank of China : China's ICBC to adjust bid-ask spread amid market fluctuation

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03/18/2020 | 04:37am EDT
People walk past a sign of the Industrial and ICBC at the venue for the second China International Import Expo (CIIE) in Shanghai

Industrial and Commercial Bank of China (ICBC) said on Wednesday it will adjust the bid-ask spread for trading on global crude oil and precious metals amid market fluctuations.

The move comes as global oil prices tumbled to a 17-year low, while gold, platinum and silver shed more than over 3%.

ICBC said it will widen the spread when market sees tight liquidity and big fluctuation, in order to reduce market risk.

The bank also warned of speculation and said that it will suspend accounts if it finds any irregular trading movement.

(Reporting by Muyu Xu, Leng Cheng and Beijing Newsroom, editing by Louise Heavens)

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Financials
Sales 2020 824 B 116 B 116 B
Net income 2020 319 B 44 892 M 44 892 M
Net Debt 2020 - - -
P/E ratio 2020 5,27x
Yield 2020 5,69%
Capitalization 1 808 B 255 B 255 B
EV / Sales 2019
Capi. / Sales 2020 2,19x
Nbr of Employees 445 106
Free-Float 67,0%
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 5,86 CNY
Last Close Price 4,71 CNY
Spread / Highest target 54,5%
Spread / Average Target 24,6%
Spread / Lowest Target -10,2%
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Managers
NameTitle
Shu Gu Vice Chairman, President & General Manager
Si Qing Chen Chairman
Guo Zhong Yang Chairman-Supervisory Board
Wen Wu Zhang General Manager-Finance & Accounting
Wei Zhang Member-Supervisory Board
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