Is ICBC (SEHK:1398) Still Undervalued After Its Strong 12-Month Share Price Run? [Yahoo! Finance]
INDUSTRIAL & COM UNSP/ADR (IDCBY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Yahoo! Finance
With the stock up about 24% year to date and roughly 35% over the past year, the market is starting to price in steadier revenue and profit growth, even as the shares still trade at what looks like a discounted valuation. See our latest analysis for Industrial and Commercial Bank of China. Recent policy support for Chinese banks, steadier credit quality data, and a 3 year total shareholder return of about 101% suggest momentum is still building, even after this year's sharp share price gains. If ICBC's move has you rethinking where the next big bank style rerating might come from, it could be worth scanning fast growing stocks with high insider ownership as a curated list of potential new ideas. Yet with analysts still seeing upside to their price targets and valuation models implying a hefty intrinsic discount, investors have to ask whether ICBC remains mispriced or if the market is already baking in its next leg of growth. With Industrial and Commercial Bank of China last
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