China Banks

The reason for the impressive surge in the H-shares of China bank stocks

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On May 10, 2024, the H-shares of the China Banks rose substantially. The four largest state-owned banks in China ended the day with the following closing prices: News reports that the China authorities are considering the the City’s proposals to reduce the 20% dividend withholding tax on stocks purchased through the Southbound Stock Connect account for the impressive gains in the stock … Read more

ICBC, CCB, BOC and ABC plan to begin paying interim dividends in 2024

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Four of China’s largest state-owned banks: Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China (BOC) and Agricultural Bank of China (ABC), have recently announced plans to pay interim dividends (half-yearly) beginning in 2024.This move signals the intent and resolve of management to continuously enhance shareholder value through increased frequency … Read more

UBS Ratings and Target Price for China Banks (H-Share)

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April 18, 2024 Touzibozhu Broker Recommendations and Target Prices China Banks Stock Ticker Rating Target Price HK$ Remarks ABC 1288.HK Buy 3.45 Portfolio Stock Bank of China 3988.HK Buy 3.35 Portfolio Stock ICBC 1398.HK Neutral 3.8 Portfolio Stock CCB 939.HK Neutral 4.65 Portfolio Stock CM Bank 3968.HK Neutral 25.6 Portfolio Stock PSBC 1658.HK Neutral 3.55   Bank … Read more

Citibank’s Ratings and Target prices for China Banks (H-share)

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Broker Recommendations and Target Prices China Banks Stock Ticker Rating Target Price HK$ Remarks ICBC 1398.HK BUY 5.14 Portfolio Stock CCB 939.HK BUY 6.93 Portfolio Stock Bank of China 3988.HK BUY 4.21 Portfolio Stock ABC 1288.HK BUY 4.32 Portfolio Stock PSBC 1658.HK BUY 5.36   Bank of Commerce 3328.HK BUY 6.37   CM Bank 3968.HK BUY … Read more