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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Industrial and Commercial Bank of China    601398   CNE000001P37

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Industrial and Commercial Bank of China : Chinese Bank extends maturity period of loan for Kashagan

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06/15/2018 | 06:17am CEST

Kazakhstan and China have agreed to extend the maturity period of the loan provided by the Industrial and Commercial Bank of China (ICBC) for the acquisition of a stake in "KMG Kashagan B.V." by the Kazakhstan National Welfare Fund "Samruk-Kazyna" until 2022, the Fund said in a statement.

The relevant agreement was reached during the meeting of the Chairman of the Board of the National Welfare Fund "Samruk-Kazyna" Akhmetzhan Yessimov with the Chairman of the Board of Directors of ICBC Yi Huiman.

Yessimov also agreed to reduce the interest rate on the loan.

In addition, the parties signed a Memorandum of cooperation and discussed further prospects.

Huiman noted that the Industrial and Commercial Bank of China (ICBC) is interested in cooperation in three areas: placement of bonds, participation in the program of privatization of the Fund's assets, as a strategic investor and financing of specific projects.

In 2015 the "National Welfare Fund "Samruk-Kazyna" Joint-Stock Company (JSC) has attracted a five-year syndicated loan to finance the acquisition of 25 percent of the shares of Private Limited Liability Company "KMG Kashagan B.V." in the amount of $1.5 billion, in which ICBC acted as the authorized representative of one of the leading arrangers of the financing.

© 2018 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials ( CNY)
Sales 2018 755 B
EBIT 2018 491 B
Net income 2018 303 B
Debt 2018 -
Yield 2018 4,45%
P/E ratio 2018 6,71
P/E ratio 2019 6,22
Capi. / Sales 2018 2,63x
Capi. / Sales 2019 2,42x
Capitalization 1 987 B
Chart INDUSTRIAL AND COMMERCIAL
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Industrial and Commercial  Technical Analysis Chart | 601398 | CNE000001P37 | 4-Traders
Technical analysis trends INDUSTRIAL AND COMMERCIAL
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 7,39  CNY
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Shu Gu President & Executive Director
Hui Man Yi Chairman
Wen Wu Zhang General Manager-Finance & Accounting
Wei Zhang Member-Supervisory Board & GM-Legal Affairs
Hong Li Zhang Executive Director & Senior Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-8.06%308 280
JP MORGAN CHASE & COMPANY0.90%367 375
BANK OF AMERICA-0.81%296 880
WELLS FARGO-9.38%267 911
CHINA CONSTRUCTION BANK CORPORATION-5.86%262 973
HSBC HOLDINGS-5.75%191 959