1398.HK ICBC HKSE after-hours HK$6.59 on 29 Jan 2026: most active bank shows value
1398.HK stock rose 3.62% after-hours to HK$6.59 on 29 Jan 2026, driven by very heavy turnover of 423,178,990.00 shares and renewed interest in large-cap Chinese banks on positive economic data. We see the move as liquidity-driven and value-focused: price sits near the 50-day average of HK$6.25 and well below the year high of HK$6.66. Traders executing most-active strategies should note the mix of strong yield and low P/E compared with regional peers.
1398.HK stock: price action and volume
ICBC (Industrial and Commercial Bank of China Limited, 1398.HK, HKSE) led Hong Kong trading after-hours with a jump to HK$6.59 from a previous close of HK$6.36. The session saw 423,178,990.00 shares trade, more than double the average volume of 195,501,108.00, signalling outsized liquidity and institutional activity.
This spike in volume coincided with broader bank-sector strength in Hong Kong after better-than-expected Chinese data and a rebound in Hang Seng financials. The immediate technical range is HK$6.35–HK$6.60, with support near the 200-day average of HK$5.99.
Earnings, valuation and dividend metrics for 1398.HK stock
ICBC reports EPS HK$1.11 and trades at PE 5.94, offering a low valuation relative to many global banks. The company has a book value per share HK$11.12 and a price-to-book of 0.53, signalling deep value if asset quality holds.
Investors should also note a trailing dividend yield around 5.10% with a payout ratio of 0.43, making dividends a clear part of the investment case for income-focused portfolios in Hong Kong (HKD).
Technicals and sector context for 1398.HK stock
Momentum indicators show a neutral-to-slightly-bullish setup: RSI 45.03, MACD near zero, and Bollinger middle band at HK$6.15. Price sits between the 50-day (HK$6.25) and 200-day (HK$5.99) moving averages, a constructive position for trend-followers.
Financial-services peers are up 0.51% 1D sector-wide, and the bank group shows YTD strength; this supports ICBC’s outperformance on high volume. We link the move to positive China macro data reported across market outlets, including Investing.com and Barron’s Asia market data.
Meyka AI rates 1398.HK with a score out of 100
Meyka AI rates 1398.HK with a score of 71.69 out of 100 (Grade B+, Suggestion: BUY). This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. The internal grade balances strong valuation scores (PE/PB) and dividend yield against higher leverage metrics.
Meyka AI’s forecast model projects monthly HK$6.85 and one-year HK$7.87, implying a near-term upside of 3.94% and a one-year implied upside of 19.49% from HK$6.59. Forecasts are model-based projections and not guarantees.
Risks, opportunities and analyst view for 1398.HK stock
Key opportunities: cheap valuation (PE 5.94), high dividend yield (5.10%), and improving macro data that supports loan growth and net-interest-margin recovery. These factors underpin most-active traders adding size around the current price.
Key risks: elevated debt-to-equity (reported 2.53) and interest coverage near 0.86, which heighten sensitivity to credit cycles. Regulatory shifts or a China growth slowdown would hit asset quality and analyst forecasts.
Trading implications for most-active strategies
For most-active strategies, ICBC’s liquidity profile—volume 423,178,990.00, relative volume 2.16—allows large executions with limited slippage. Short-term traders can use intraday levels HK$6.35 (support) and HK$6.66 (resistance/year high) for stop and target placement.
Longer-term income investors may prefer laddered entries given the 5.10% yield and Meyka AI’s positive grade, while keeping position size limited against macro and credit risks.
Final Thoughts
ICBC (Industrial and Commercial Bank of China Limited, 1398.HK, HKSE) is trading as Hong Kong’s most active bank after-hours at HK$6.59 on 29 Jan 2026, backed by 423,178,990.00 shares of volume. Valuation and income remain the stock’s core attractions: PE 5.94, PB 0.53, and dividend yield near 5.10%. Meyka AI’s quantitative model projects HK$7.87 for a one-year target, implying about 19.49% upside versus today’s price; monthly momentum points to HK$6.85. We flag leverage and interest-coverage ratios as primary risks and note that sector strength and China data flow will steer short-term trading. Use the current liquidity and clear support/resistance to structure most-active entries and exits. All forecasts are model-based and not guarantees, and this analysis is informational rather than investment advice. For live order-level insight, see the Meyka stock page for 1398.HK at https://meyka.ai/stocks/1398.HK and follow macro updates on Investing.com.
FAQs
What drove the after-hours move in 1398.HK stock today?
Heavy trading (volume 423,178,990.00) and positive China macro headlines pushed buyers into ICBC after-hours. The bank’s low PE (5.94) and high dividend yield (5.10%) attracted both income and value-focused traders.
What is Meyka AI’s forecast for 1398.HK stock?
Meyka AI’s forecast model projects monthly HK$6.85 and one-year HK$7.87, implying 3.94% near-term and 19.49% one-year upside from the current HK$6.59. Forecasts are model outputs, not guarantees.
Is 1398.HK stock a buy for dividend investors?
ICBC offers a trailing dividend yield near 5.10% and a payout ratio of 0.43, making it attractive for dividend portfolios. Monitor leverage and asset-quality trends before adding a full allocation.
What are the main risks to 1398.HK stock performance?
Primary risks are credit-quality deterioration, sensitivity to China GDP and policy shifts, and relatively high debt-to-equity (2.53). Geopolitical or regulatory shocks could reduce earnings and dividends.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
