ICBC : Industrial and Commercial Bank of China (1398)

[finnfinn]

ICBC is now trading at 5.4x PE, with 6% dividend. Looks like a good deal for annual ROE of 20% over the past 3 years. Any buddies got insights or vested into Chinese banks?

Hope to hear your views!

Does look like a good deal but think can patiently wait IMO. Last 3 years loan growth of 13-18% appears elevated IMO and future credit costs may erode future earnings -especially all the negative news about Chinese economy now (not sure how true is it though). I will enter when P/B less than 1...