Daiwa rates ICBC H-shares Hold, sets HK$7.8 target
AI Summary- Daiwa initiated ICBC H-share coverage with a Hold rating and HK$7.8 target price.
- ICBC’s non-performing loan ratio fell from 1.38% in 2022 to 1.31% in 2025.
- ICBC’s state-owned enterprise and infrastructure loans comprise as much as 36% of its portfolio.