1398.HK ICBC (HKSE) after-hours 04 Feb 2026: HK$6.38, 195.65M vol, +22.90% model

The most active Hong Kong bank, 1398.HK stock (Industrial and Commercial Bank of China Limited), closed after-hours at HK$6.38 on 04 Feb 2026 as traders digested heavy turnover of 195653771.00 shares. Price slid 0.03 points intraday from an open of HK$6.41. This volume-led move reflects macro headwinds in Asian markets and profit-taking after a one-year gain of 20.83%. We examine valuation, technicals, and Meyka AI’s price projection to frame near-term opportunity and risk for investors trading 1398.HK stock on the HKSE.

1398.HK stock price action and volume

1398.HK stock traded intraday between HK$6.36 and HK$6.49 before settling at HK$6.38 after hours. Volume was 195653771.00, close to the 30-day average of 199353792.00, signalling sustained interest in the HKSE listing. The stock is up 0.63% month-to-date and up 20.83% year-on-year, with a 52-week range of HK$4.86 to HK$6.66. Regional market swings and bank sector flows drove the session; broader Hang Seng moves are a useful context for trading source.

1398.HK stock fundamentals and valuation

Industrial and Commercial Bank of China Limited (1398.HK) shows core metrics that argue value: EPS HK$1.11, PE 5.75, and PB 0.51. Market capitalisation stands at 2850763796011.00 HKD. Dividend yield is 5.27% with a payout ratio near 0.43. These ratios sit well below Financial Services sector averages for PE but align with the banks’ low-price environment and steady returns. Low PB and high dividend yield explain why 1398.HK stock remains a staple for income-oriented portfolios.

1398.HK stock Meyka AI rate and forecast

Meyka AI rates 1398.HK with a score out of 100: 71.65 (Grade B+, Suggestion: BUY). This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. Meyka AI’s forecast model projects a 12-month target of HK$7.84, implying 22.90% upside from the current HK$6.38 price. Shorter horizons show a monthly target of HK$7.02 and quarterly HK$6.83. Forecasts are model-based projections and not guarantees; investors should weigh macro risks and bank-specific drivers.

1398.HK stock technicals and momentum

Technically, 1398.HK stock shows neutral momentum: RSI 45.03, MACD -0.02, ADX 18.10 (no clear trend). Price sits above the 50-day average (HK$6.26) and 200-day average (HK$6.02). Bollinger band middle is HK$6.15 with an ATR of 0.11, pointing to modest near-term volatility. Traders watching the most active list should note on-balance volume remains constructive even as short-term oscillators signal consolidation.

1398.HK stock sector context and catalysts

The Financial Services sector in Hong Kong shows a PE ~12.75 average and a PB near 0.97; 1398.HK stock is cheaper on PE and PB relative to peers, underscoring value. Catalysts include China credit impulses, property policy updates and next earnings on 2026-03-31. Macro headlines that move bank peers appeared through Asian sessions; near-term swings in the Hang Seng and regional news flow can swing 1398.HK stock quickly source.

1398.HK stock risks and trading considerations

Key risks for 1398.HK stock include rising loan-loss provisions, slower operating cash flow growth (recently down), and higher system leverage metrics. Debt-to-equity sits high at 2.53, and interest-coverage is modest at 0.86, which informs risk pricing. For most-active traders, tight stop management and watching liquidity (volume ~195653771.00) are essential. Longer-term investors should monitor net interest margin and asset-quality trends before scaling positions.

Final Thoughts

1398.HK stock is trading as a high-liquidity, value-oriented bank on the HKSE at HK$6.38, backed by EPS HK$1.11, PE 5.75, PB 0.51, and a 5.27% dividend yield. Heavy after-hours volume and relative undervaluation versus sector peers keep the stock on most-active lists. Meyka AI’s forecast model projects HK$7.84 in 12 months, implying 22.90% upside versus current price; a conservative near-term target is HK$7.02 while a bull three-year view reaches HK$10.72. These targets reflect steady franchise cash flows and attractive payout metrics, but risks such as slower cash-flow growth and leverage remain. Use clear trade rules: short-term traders should watch RSI and MACD signals, while income investors should size positions around dividend yield and capital preservation. Meyka AI provides this data-driven market analysis to help frame decisions; forecasts are model-based projections and not guarantees.

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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.