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<Research>CCBI: ICBC (01398.HK) Top Pick for Uncertain Times Based on Solid Div./ Defensive Fundamentals
Recommend 14 Positive 18 Negative 9 |
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The balance sheet resilience of the Chinese banking sector provides stability to the current operating environment, which is susceptible to potential policy changes, and helps to mitigate tariff-related volatility, according to CCBI's research report. China's banking system is more adaptable to the new US tariff regime than it was more than a decade ago. ICBC (01398.HK) offers the most solid dividend yield among large Chinese banks, CCBI added. The broker believed that ICBC represents a safe haven in these uncertain periods with its ample liquidity, strong impairment allowance and balance sheet strength backed by capital adequacy. AAStocks Financial News |
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