Yahoo Finance How Industrial and Commercial Bank of China Limited (HKG:1398) Could Add Value To Your Portfolio
Industrial and Commercial Bank of China Limited (HKG:1398) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of 1398, it is a financially-healthy company with a a strong track record high-quality dividend payments, trading at a discount. In the following section, I expand a bit more on these key aspects. If you’re interested in understanding beyond my high-level commentary, read the full report on Industrial and Commercial Bank of China here.
Flawless balance sheet established dividend payer
1398’s share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. According to my intrinsic value of the stock, which is driven by analyst consensus forecast of 1398’s earnings, investors now have the opportunity to buy into the stock to reap capital gains. Compared to the rest of the market, 1398 is also trading below other listed companies on the HK stock exchange, relative to earnings generated. This further reaffirms that 1398 is potentially undervalued.
Income investors would also be happy to know that 1398 is a great dividend company, with a current yield standing at 4.6%. 1398 has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For Industrial and Commercial Bank of China, I’ve compiled three key aspects you should look at:
Future Outlook: What are well-informed industry analysts predicting for 1398’s future growth? Take a look at our free research report of analyst consensus for 1398’s outlook.
Historical Performance: What has 1398’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of 1398? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
