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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 Commrcl Bank of China : Chief privacy officer 'pleased' with B.C. auto insurer's info-sharing practices

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09/13/2017 | 08:02pm CET

VANCOUVER — An audit by British Columbia's privacy commissioner has found the information-sharing practices of B.C.'s public auto insurer are, for the most part, "reasonable and proportionate."

Acting commissioner Drew McArthur says in a report that he is pleased with the findings, but the Insurance Corporation of B.C. still has room to improve and he has made 12 recommendations, including better tracking and review of third-party access to information.

The province's Office of the Information and Privacy Commissioner announced in February its intention to look into ICBC's information-sharing agreements in order to ensure the public body was properly protecting the private information of B.C. drivers.

ICBC has come under fire in recent months as successive reports forecast the need for drastic rate hikes to save the floundering corporation from economic collapse.

B.C.'s first NDP government created ICBC in the 1970s to offer affordable, universal and basic auto coverage to the province's drivers, but critics say political interference in the intervening years has pushed the Crown corporation into financial distress.

Since taking office earlier this year, the New Democrats announced a rate increase for basic insurance by 6.4 per cent, pledged to audit ICBC's operations and look for ways to reduce collisions, including broadening the use of red light cameras and cracking down on distracted driving.

© 2017 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials ( CNY)
Sales 2017 695 B
EBIT 2017 437 B
Net income 2017 283 B
Debt 2017 -
Yield 2017 3,42%
P/E ratio 2017 8,69
P/E ratio 2018 8,20
Capi. / Sales 2017 3,39x
Capi. / Sales 2018 3,15x
Capitalization 2 355 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
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,06  CNY
Spread / Average Target 2,6%
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
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INDUSTRIAL AND COMMERCIAL BANK OF CHINA10.97%370 748
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BANK OF AMERICA8.16%327 856
WELLS FARGO-1.19%294 126
CHINA CONSTRUCTION BANK CORPORATION10.42%290 733
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