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INDUSTRIAL & COMMERCIAL BK OF CHINAII

INDUSTRIAL & COMMERCIAL BK OF CHINA

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601398 trade ideas

Heard the 10am package is not fantastic, so no hurry to chaseHmmm, was expecting some sort of fireworks this morning, a little disappointed......who knows after 10am when they released the news. But I heard it is not so great, so analysts may provide more take profits call, selling while many retail investors in China (1st day returning to work after the Golden Week) have yet to get their account open. I am already vested in this Bank and earning good dividends since 2022 though the price has fallen quite a bit then. No need to FOMO and waste your bullets....... Please DYODD
HKEX:1398Long
by dchua1969
Why Chinese Stocks may be risky for the time beingRecent moves by the Chinese Government - termed "Three Arrows", facilitated a decrease of interest rates among various other changes of policy made for loans, borrowing and payment etc. This cumulated action signalled to investor's that China was reopening its economy, thus leading to a huge surge in investment in Chinese Blue Chip stocks, and the entire stock market in the region, including the Hong Kong Market. However, as stocks surge in price with increasing volume, it must be noted that they have been over-bought - 20-30% growth on average before the policies are even put in place. For instance, stocks like the HK exchange itself HK:0388 experienced a doubling in price. This, along with the fact that ETFs of the Chinese markets in Singapore and Taiwan both received much more purchasing power than even the Chinese markets themselves, highlight a significant irrationality in the markets right now. Considering the correction in trends recently, it would not be advisable to purchase stocks in the Chinese markets right now.
H
by AlphaTigerInvestments
Chinese banks in my watchlistWith more rate cuts coming up from the FEDs in the coming months, we can reasonably expect the big banks in China will follow suit as well. Already, the government is pushing stimulus for these banks to lend out more money by lowering the RRR. But, is it enough? Loans business remain sluggish in the 2nd largest economy. Read here It will take at least 12 -18 months before we start to see an increase in banks increasing their rates again. Currently, with ultra low interest rates, that means these banks have to find more volume (businesses) to lend its money to. Already, the weak consumer demand is driving the corporates to tighten its belt and stay cautious in expansionary plans. This is a vicious cycle - less consumer spending leads to lesser productivity from corporations which means they need to borrow less and banks suffer more in terms of business. The chart imo reflects my opinion about the China market where the bearish candles reflect it is at its peak and prices will continue to falter from here onwards. We could see it revisit the 5 dollars mark zone where I will be interested to buy more. Please DYODD
SLong
by dchua1969
Chinese banks exposureRead latest news here www.scmp.com I have bought this bank quite some time ago for its stable dividends and being a government bank, it offers me a stable dividend payout. The capital appreciation was definitely a surprise as you can see from chart that it went sideway for quite a while........... For those who wants to take a quick trade, I would say it is over as it has gone up more than 20% and is unlikely to soar any higher, maybe another 1-5% which is risky in my opinion to enter now. On the weekly chart, it displays a nice descending wedge pattern with the apex at 4.00 being the lowest price. Since it is hard to catch the bottom, buying at 4.56 is still a good deal for me . Let's hope the earnings prospects will improve this year and bring this bank back to its glorious days of 7-8 dollars once more.
SLong
by dchua1969
ICBC presenting a good buying opportunityWaiting for 3.98 price level where we can see a support in Oct 2020. It could also falls further to the Sept low of 3.44 to 3.74 level. No hurry, since bank stocks are not likely going to shoot up like the cryptocurrency. The dividends are good and the fact that it is State owned means the Central Banks will not see to it going belly up. So, the last point is crucial as some form of cushioning. I am betting this more from longer term perspectives like 5-10 years or longer so getting them at various price points at minimal downside and relatively higher upside........
HLong
by dchua1969
1398 (HKX) - Still Continue BullishGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan Analysis 1398 (HKX) - Still Continue Bullish
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by MultiAssetX