Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Industrial & Commercial Bank of China A (601398.SS)

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rmb)	Price Target (Rmb)	Rating
2021-08-20	4.66	6.32	Buy
2021-09-14	4.71	-	No Rating
2022-02-16	4.78	4.76	Neutral
2022-10-07	4.35	4.30	Neutral
2023-01-06	4.34	4.58	Neutral
2023-06-16	4.88	5.06	Neutral
2023-12-22	4.78	4.85	Neutral
2024-05-14	5.37	5.70	Neutral

Disclosures

Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
An employee of UBS is an officer, director, or advisory board member of this company.
UBS Securities Hong Kong Limited is a market maker in the Hong Kong-listed securities of this company.
Market capitalisation is calculated by multiplying the current share price by the sum of A and H shares.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day.