Positive Outlook on Chinese Financial Sector: JPMorgan has released a report indicating a favorable view of Chinese banks and brokers, suggesting that market asset rotation and increased liquidity will drive stock growth.
Investment Strategy Recommendation: The broker advises investors to use a barbell strategy, which involves balancing investments in both high-risk and low-risk assets.
Top Picks for Brokers and Banks: Among brokers, CICC, EAST MONEY, and HTSC are highlighted as top selections. For banks, CMB is favored, along with ICBC, BANK OF CHINA, and BANKCOMM, all rated as Overweight.
IPO Market Recovery Anticipation: CICC is expected to benefit significantly from the recovery of the IPO market and improved conditions in Mainland China and Hong Kong, leading to enhanced equity investment returns.
Wall Street analysts forecast 01398 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01398 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 01398 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01398 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 6.340
Low
Averages
High
Current: 6.340
Low
Averages
High
Morgan Stanley
Morgan Stanley
Overweight
downgrade
$8
Al Analysis
2025-12-19
Reason
Morgan Stanley
Morgan Stanley
Price Target
$8
Al Analysis
2025-12-19
downgrade
Overweight
Reason
Morgan Stanley's analyst rating for ICBC (01398.HK) was updated to "Overweight" based on a slight adjustment in their earnings forecast following the bank's 3Q25 results. They lowered their net profit after tax forecasts for 2025-2027 by 0.6%/1%/0.6%, but increased the target price for ICBC's H-shares from $7.6 to $8, indicating a positive outlook despite the minor reductions in profit forecasts.
BOCI
maintain
2025-11-03
Reason
BOCI
Price Target
2025-11-03
maintain
Reason
The analyst rating for ICBC (01398.HK) was maintained as a "Buy" by BOCI due to a reported 3.3% year-over-year growth in attributable net profit for the third quarter of 2025, which showed improvement from the previous quarter's growth of 1.4%. Additionally, despite a slight decline in the net interest margin (NIM), the overall positive performance and growth trajectory led BOCI to raise its target price from HKD 7.15 to HKD 8.34.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
