01339 PICC GROUP
- 2.830
- +0.050+1.80%
PICC GROUP News
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Haitong Securities: What is the impact of falling interest rates on insurance companies' operations?
In the long run, the economic growth rate determines the level of interest rates, and the interest rate center gradually declines as the potential growth rate of the economy declines.
Express News | Breaking the game, NEV insurance, Gui Ant Insurance collaborates with several insurance companies to develop “joint pricing” technology
China People's Insurance Group (01339.HK): Financial Insurance COR increased year-on-year improvement in personal insurance business operations
Incident: The company released its 2024 quarterly report. Under the new standards, the company achieved insurance service revenue of 126.172 billion yuan, +7.7% year-on-year; realized net profit of 8.963 billion yuan, or -23.5% year-on-year. People's Insurance C
Nomura Adjusts The People's Insurance Company (Group) of China's Price Target to HK$3.41 From HK$3.52, Keeps at Buy
05:20 AM EDT, 05/08/2024 (MT Newswires) -- Nomura Adjusts The People's Insurance Company (Group) of China's Price Target to HK$3.41 From HK$3.52, Keeps at Buy Price (HKD): $2.65, Change: $-0.05, Perc
Nomura: Maintaining the China People's Insurance Group's (01339) “Buy” rating and lowering the target price to HK$3.41
Nomura currently expects the net profit of the China People's Insurance Group (01339) to increase by 16% and 7% in 2024/25.
China People's Insurance (601319): Rapid growth in new business value, year-on-year decline in underwriting profit
The incident described China People's Insurance Company's 2024 quarterly report. The company achieved net profit of 8.96 billion yuan, a year-on-year decrease of 23.5%; China People's Insurance achieved a comprehensive cost ratio of 97.9%, an increase of 2.2 pcts over the previous year; People's Insurance Life Insurance was new
Express News | Ministry of Finance: From January to March, the total revenue of state-owned and state-owned enterprises across the country increased by 3.2% year on year, and total profit increased 2.8% year on year.
Express News | China People's Insurance: Cases eligible for compensation in the Meida Expressway landslide disaster have been paid
Hong Kong stocks are rising fiercely! Low-priced stocks followed the trend. What are the reasons behind this sharp rise?
In the last 9 trading days, Hong Kong stocks have risen fiercely, and some low-priced stocks are also booming!
China People's Insurance (601319): The comprehensive cost ratio increased year-on-year, and life insurance NBV achieved significant growth
[Incident] China People's Insurance Company announced results for the first quarter of 2024:1) Net profit to mother was 8.96 billion yuan, or -23.5% year-on-year. Net profit from financial insurance/life insurance/health insurance was 5.87 billion yuan, 3.82 billion yuan, and 15, respectively.
The five major listed insurers' profit pressure is due to different reasons. What should I do about the decline in equity investment income? China People's Insurance: Will increase the share of such assets
① People's Insurance Director and Secretary Zeng Upstream responded that the decline in profit in the first quarter was due to factors such as increased compensation expenses and fluctuations in equity assets; ② Zeng Upstream said that China Insurance Assets are implementing “investment enablement projects” and increasing the share of OCI assets to enhance the stability of investment income; ③ insurers' profits in the first quarter were generally under pressure, with different reasons.
Changes in Hong Kong stocks | China Insurance (01339) is now down more than 4%, net profit in the first quarter fell 23.5% to RMB 8.963 billion
China People's Insurance (01339) is now down more than 4%. As of press release, it is down 3.72% to HK$259, with a turnover of HK$130 million.
China People's Insurance (601319): Life insurance NBV high increase financial insurance coverage is under pressure
1Q24 net profit fell short of our expectations, China Insurance announced 1Q24 results: Comprehensive Financial Insurance Cost Ratio (CoR) +2.2ppt to 97.9% year on year, lower than our expectations, mainly due to the impact of the freezing rain disaster exceeding our expectations
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
China People's Insurance (601319) 2024 Quarterly Report Review: NBV has soared, and COR being better than peer investment is dragging down net profit
Note: The company announces its 2024 quarterly report. 2024Q1 achieved insurance service revenue of 126.2 billion yuan, +7.7% year over year; net profit to mother of 9 billion yuan, -23.5% year over year; weighted average ROE of 3
China People's Insurance (601319): Property insurance COR is superior to peer personal insurance, NBV increased year-on-year
Incident: In the first quarter of 2024, China People's Insurance's revenue was 138.78 billion yuan, +0.7% year over year; net profit to mother was 8.96 billion yuan, -23.5% year over year; weighted average return on net assets was 3.7%, year-on-year.
People's Insurance Co. (Group) of China: Lack of Global Economic Recovery Momentum Posed Challenges to Investment Management >1339.HK
People's Insurance Co. (Group) of China: Lack of Global Economic Recovery Momentum Posed Challenges to Investment Management >1339.HK
People's Insurance Co. (Group) of China 1Q Operating Income CNY138.78B Vs. CNY137.77B >1339.HK
People's Insurance Co. (Group) of China 1Q Operating Income CNY138.78B Vs. CNY137.77B >1339.HK
Express News | China People's Insurance: Net profit of 8.96 billion yuan in the first quarter decreased by 23.5% year-on-year
Analysis
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