ICBC (SEHK:1398) Valuation: Assessing the Bank After Its Thai Renewable Energy Financing Push

ICBC (SEHK:1398) is expanding its renewable energy financing in Thailand through its Thai leasing arm's collaboration with Sungrow. Despite a recent 4.82% drop in share price, ICBC shows a 26.19% year-to-date return. Analysts suggest the stock is undervalued with a fair value of HK$7.26, supported by strong asset quality and dividend yields. However, challenges like net interest margin pressure could affect profitability. Investors are encouraged to explore ICBC's growth potential and consider other high-growth sectors like tech and AI.