02328 PICC P&C
- 9.450
- +0.220+2.38%
PICC P&C News
[Broker Focus] Shen Hong Wanyuan maintains China Financial Insurance (02328) “buy” rating, indicating that its performance has been under pressure in the short term, but the COR level is superior to comparable peers
Jinwu Financial News | According to Shen Hong Wanyuan Research, China Financial Insurance (02328) 1Q24 achieved net profit of 5.881 billion yuan, yoy -38.3%; CoryoY+2.2pct reached 97.9%. The performance fell short of expectations, but the absolute value was superior to peers (Taibaocai and Pingancai COR were 98.0% and 99.6% respectively). According to the bank, the company's performance is under short-term pressure due to disturbances from external factors, but the COR level is superior to comparable peers; the company values shareholder returns, and the dividend ratio has exceeded 40% for 5 consecutive years, which is the core target of high dividends within the insurance sector. Under the current market style
[Hong Kong Stock Connect] China Financial Insurance (02328) reversed the market and fell 4.4%, and the first quarter results fell short of expectations
Jinwu Financial News | China Financial Insurance (02328) continued its previous decline. Today, it reversed the market and fell 4.4% to HK$9.34, with a turnover of HK$190 million. Earlier, CICC stated that the company's 1Q24 premium income fell short of the bank's and market expectations, mainly due to the effects of freezing rain disasters, etc. Net profit reached $5.871 billion, or -38.3% year-on-year, lower than the bank's and market expectations. Mainly due to the impact of the disaster, the company's payouts exceeded expectations and investment performance fell short of expectations. Maintaining the “outperforming industry” rating, the target price is HK$11.8. HSBC research indicates that China's financial insurance underwriting and investment performance in the first quarter all regressed, with comprehensive costs
Nomura Adjusts PICC Property and Casualty Company's Price Target at HK$12.15 From HK$12.23, Keeps at Buy
05:42 AM EDT, 04/30/2024 (MT Newswires) -- Nomura Adjusts PICC Property and Casualty Company's Price Target at HK$12.15 From HK$12.23, Keeps at Buy Price (HKD): $9.77, Change: $-0.21, Percent Change:
CICC: Maintaining China Financial Insurance's (02328) “Outperform the Industry” rating target price of HK$11.8
CICC expects China Financial Insurance 24e/25e EPS to be RMB 1.37/1.46 per share.
PICC P&C: Affected by Low Temperature, Rain, Snow, Freezing Weather, Disasters in 1Q >2328.HK
PICC P&C: Affected by Low Temperature, Rain, Snow, Freezing Weather, Disasters in 1Q >2328.HK
PICC P&C: Also Affected by Growth in Transportation in 1Q >2328.HK
PICC P&C: Also Affected by Growth in Transportation in 1Q >2328.HK
China Financial Insurance (02328.HK) achieved a 5.9% year-on-year increase in insurance service revenue of 113.843 billion yuan in the first quarter
Gelonghui, April 29丨China Financial Insurance (02328.HK) announced that in the first quarter of 2024, the company will adhere to the general tone of steady progress, comprehensively promote the “eight strategic services”, thoroughly implement the new “insurance+risk reduction service+technology” business model, continuously optimize the supply of insurance products, fully implement risk reduction service projects, continue to promote the quality and efficiency of customer service, and focus on risk prevention and mitigation to enhance the momentum for high-quality development. In the first quarter of 2024, the company achieved insurance service revenue of RMB 113.843 billion, an increase of 5.9% over the previous year; actively responded to disasters such as low temperatures, rain, snow, and freezing
PICC Property & Casualty 1Q Net CNY5.87B Vs. Net CNY9.51B >2328.HK
PICC Property & Casualty 1Q Net CNY5.87B Vs. Net CNY9.51B >2328.HK
中國財險：截至2024年3月31日止三個月之未經審計業績公告
PICC Property and Casualty Company Limited's (HKG:2328) Stock Been Rising: Are Strong Financials Guiding The Market?
PICC Property and Casualty's (HKG:2328) stock up by 3.4% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance.
CICC: Life insurance profits may exceed expectations, Chinese life insurance welcomes medium-term investment opportunities
Chinese life insurance currently has medium-term investment opportunities.
[Broker Focus] CMB International says the current life insurance industry has a low downside risk and a high margin of safety
Jinwu Financial News | According to CMB International Development Research Report, the premium income growth rate of listed life insurance companies declined in 1Q24, but the decline narrowed month by month. Thanks to the continued strong demand for savings insurance from residents under low risk preferences and the improvement in the value ratio of new banking insurance businesses, the bank expects the new business value of listed insurers to continue to grow rapidly in the first quarter. Based on the robustness of the underwriting side business, the bank is optimistic about China Taibao (02601). The growth rate of financial insurance premium income picked up in March, and the improvement in the pace of underwriting in non-vehicle policy businesses led to growth. The first quarter was affected by freezing rain disasters in some regions, and the industry's payout rate showed an upward trend. The bank expects the first quarter
Changes in Hong Kong stocks | China Financial Insurance (02328) fell nearly 5% Nomura expects its net profit for the first quarter to fall 8% year on year, and lower the company's target price
China Financial Insurance (02328) fell nearly 5%. As of press release, it was down 4.73% to HK$9.66, with a turnover of HK$435 million.
Nomura Adjusts PICC Property and Casualty's Price Target to HK$12.23 From HK$12.51, Keeps at Buy
05:30 AM EDT, 04/19/2024 (MT Newswires) -- Nomura Adjusts PICC Property and Casualty's Price Target to HK$12.23 From HK$12.51, Keeps at Buy
Nomura: The target price for the “buy” rating for China Financial Insurance (02328) was lowered to HK$12.23
Nomura estimates that the net profit of China's financial insurance in 2024 may decrease 8% year over year to 8.75 billion yuan.
Insurance stocks generally rose, and Ping An (601318.SH/2318.HK) H shares surged 5%! Sorting out the logic that institutions are optimistic about
Recently, with the introduction of the new “National Nine Rules” and the Securities Regulatory Commission's delisting opinions, the overall performance of the capital market has been enthusiastic, and there is no shortage of positive expectations for future bull markets.
Open source securities: regulation and care combined with own transformation drive the debt side to the positive focus on insurance asset-side catalysis
Listed insurers saw strong growth in NBV in 2023, and the debt-side boom is expected to continue until the 2024 quarterly report.
Changes in Hong Kong stocks | Domestic insurance stocks had the highest rise in early trading, leading to lower debt costs, and the asset side is expected to usher in marginal improvements
Domestic insurance stocks had the highest gains in early trading. As of press release, China Taibao (02601) rose 4.3% to HK$15.52; China Financial Insurance (02328) rose 2.5% to HK$10.24; Xinhua Insurance (01336) rose 1.68% to HK$13.32; and China Life Insurance (02628) rose 1.7% to HK$8.98.
Insurance stocks generally rose, China Taibao (02601) rose 3.9%. Institutions expect insurance stocks to experience a phased rebound in valuations
Jinwu Financial News | Insurance stocks generally rose. China Taibao (02601) rose 4.7%, China Ping An (02318), China Financial Insurance (02328), and China Taiping (00966) rose more than 2%, and Xinhua Insurance (01336) and China Life (02628) followed up%. The Huaxi Securities Research Report pointed out that from the debt side, in terms of personal insurance, overall premium income continued to grow in the first quarter, mainly due to the continued recovery of supply-side insurance channels. Although new banking insurance channel orders were under pressure, the drop in customs pressure brought about an improvement in debt quality; strong demand for savings from demand-side residents combined with continued reduction in deposit interest rates
Changes in Fu Pengbo and Zhao Feng's positions in the first quarter came to light, making huge increases in positions with Tencent, Meituan, and China Financial Insurance
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