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

MT NewswiresApr 19 05:30 ET

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.

Zhitong FinanceApr 18 22:21 ET

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.

Gelonghui FinanceApr 18 07:52 ET

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.

Zhitong FinanceApr 17 22:48 ET

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.

Zhitong FinanceApr 17 21:45 ET

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

金吾財訊Apr 17 21:42 ET