ICBC Rose 4% and still listed as one of the industry's preferred

The net interest rate is expected to rebound loan demand is also strong industrial and commercial Bank of ICBC, H-shares Gaokaigao a notable rise this morning, share prices rose 4.11% to 4.81 Hong Kong dollars, 304 million shares.　　Daiwa issued a report saying that maintaining the stock rating is still one of its industry's preferred stocks, raising its target price from HK $4.3 to HK $5.2, at a premium of 8% per cent. Daiwa, which extends ICBC's earnings forecasts to fiscal year 2010, raised the net profit forecast for fiscal year 09-10 by 2% and 3% respectively, before raising the loan growth rate and the margin forecast. Daiwa boosted ICBC's loan growth forecast for the 09 fiscal year to 20%, as new lending in 4 May has significantly exceeded the agency's quarterly forecasts and is expected to increase further in June. The prospect of a brighter net interest rate for ICBC than its peers is supported by the expansion of the proportion of deposits and the decrease in investment.