IDCBY News and Headlines - Industrial And Commercial Bank Of China Ltd
The Matthews China Fund (Trades, Portfolio) disclosed this week its first-quarter portfolio, revealing that its top five trades included a new position in Industrial And Commercial Bank of China Ltd. (HKSE:01398), boosts to its holdings of China Construction Bank Corp. (HKSE:00939) and China International Capital Corp. Ltd. (HKSE:03908), a reduction in its stake in New Oriental Education & Technology Corp. (EDU) and the closure of its position in AVID Jonhon Optronic Technology Co. Ltd. (SZSE:002179).
Overseen by Andrew Mattock and Winnie Chwang, the fund seeks long-term capital appreciation primarily through investments in the common stock of companies
When in search of stocks that are trading at fair prices, one tool investors can use is the Earnings Power Value (EPV) metric.
The EPV was designed by Bruce Greenwald, a former professor at Columbia University and a prominent value investor who was looking for ways to avoid the series of guesswork choices that must be made when applying the discounted cash flow valuation model. The EPV is calculated as the adjusted earnings divided by the weighted average cost of capital.
The following three stocks seem to be fairly priced, as their share prices are standing lower than their respective
Screening for stocks with compelling Shiller price-earnings ratios increases the likelihood of unearthing value opportunities. Thus, investors may want to consider the following stocks, as their Shiller price-earnings ratios are trading below the S&P 500 Index's historical average of 16.75 as of Nov. 3.
Industrial and Commercial Bank of China
The first company under consideration is Industrial and Commercial Bank of China Ltd. (IDCBY), a Chinese bank providing various financial products and services to individuals and businesses.
The company has a Shiller price-earnings ratio of 6.12, which is the result of an American depository receipt price of $11.87 as of
I initiated five "buy and forget" positions in Hong Kong sometime in the first quarter of 2015. Reviewing their performances to date was a moderately disappointing experience.
The Hang Seng Index, which is comprised of the 50 largest companies in Hong Kong, returned poorly (-17.35%) since January 2015. In comparison, the Standard & Poor's 500 had given a change of -0.56% over the same time frame. Interestingly, its neighbor’s (China) Shanghai Composite, which is composed of all 1,171 Shanghai A and B shares in total, also delivered a loss of 12.60% to
The fund invested in a 241,000-share stake in Alibaba Group Holding Ltd. (BABA), a Chinese ecommerce company. The fund paid an average price of $70.39 per share in a deal that had a 3.1% impact on the fund’s portfolio.
Industrial & Commercial Bank of China (“ICBC”) (HKSE:01398) is the largest commercial bank in China in terms of assets and deposits. An extensive network of over 17,000 branches and a huge customer base gives it both scale and funding advantages. ICBC has a liquid balance sheet, low exposure to interbank, excess reserves and industry high capital adequacy.
From [url=http://www.gurufocus.com/StockBuy.php?GuruName=Value+Partners]Value Partners[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Value+Partners]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Value+Partners]Portfolio[/url])’ Classic Fund Q4 2014 Commentary.
It is time to look at overseas options if you want stocks with good dividends. If you are particular about investing only in the banking sector, U.S. banks would give you at the most around 3% dividend yield. If this is not good enough for you, you can try investing in some international banks. However, Wall Street experts recommend you be very careful while investing in foreign stocks as the returns that they bring are always accompanied by risks in their respective economies. You must be shrewd enough to evaluate the pros and cons of these stocks and choose only
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A Trio of Stocks Trading Below Their Earnings Power Values - GuruFocus.com