Lates News

Morgan Stanley's research tactical viewpoint believes that the stock price of Industrial and Commercial Bank of China may rise in the next 60 days, with an estimated probability of occurrence of about 60% to 70%. It has a rating of "hold" with a target price of 6.9 Hong Kong dollars. Morgan Stanley predicts that an unexpected decrease in deposit rates will support the net interest margin to offset the negative impact of a moderate decrease in the loan market quoted rate (LPR). The clear policy direction towards supporting the net interest margin, along with more rational credit growth and a more stable interest rate environment, should help stabilize the net interest margin and even drive it gradually rebound. The bank believes that ICBC has an attractive return opportunity with a dividend yield of 6.2%.