02328 PICC P&C
- 9.580
- +0.030+0.31%
PICC P&C News
China Financial Insurance (2328.HK): Both sides of capital are under pressure in the short term, and the company's fundamentals are improving in the long term
Core view The company's 24Q1 performance was under pressure, with net profit of 5.871 billion yuan, or -38.3% year-on-year. On the insurance side, the year-on-year growth rate of car insurance premiums fell to 1.9%, or mainly due to low temperatures, rain, and snow in the first quarter due to falling car premiums
China Financial Insurance (2328.HK): Natural disasters and investment returns significantly drag down profits
The incident described the disclosure of China Financial Insurance's 2024 quarterly report, achieving net profit of 5.87 billion yuan, a year-on-year decrease of 38.3%; achieving a comprehensive cost ratio of 97.9%, an increase of 2.2 pct over the previous year. Incident review Rain and snow disaster, travel rate recovery
Citibank: Target Price Reduced to HK$11.1 for the “Buy” Rating for China Financial Insurance (02328)
Citi lowered China Financial Insurance's (02328) earnings per share forecast for the 2024-2026 fiscal year by 4%, 3%, and 3%, respectively.
PICC P&C(2328.HK):1Q24 CATASTROPHE-INDUCED CLAIMS FULLY RELEASED;FY24 COR GUIDANCE SUSTAINED; EXP. >40% PAYOUT
PICC P&C reported weaker-than-expected first-quarter results given the 1Q24 CoR
Bank Ratings | Jefferies: Maintaining China Financial Insurance's “Buy” Rating First Quarter Results Lower Than Expectations
Glonghui, May 7 | Jefferies published a research report showing that the net profit of financial insurance for the first quarter was 5.9 billion yuan, down 38% from year to year and up 13% from quarter to quarter, clearly falling short of market expectations. The company was affected by bad weather during the Lunar New Year, and the composite ratio (CoR) increased 2.2 percentage points year-on-year to 97.9%. In addition, investment income increased by 5% quarterly, but decreased by 36% year-on-year, which also dragged down profit growth. The bank said that the Group's profit for the first quarter was lower than expected, largely due to the fact that investment performance was far weaker than expected. Additionally, in the face of recent profit fluctuations, management has reaffirmed its commitment to shareholder returns. This date is expected to be announced
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.
League of Nations Securities: Maintaining China Financial Insurance's (02328) “Buy” Rating Target Price of HK$13
Guolian Securities estimates the net profit of China Financial Insurance (02328) to be 282/314/33.3 billion in 2024-2026, respectively.
China Financial Insurance (02328.HK): Short-term low performance is expected to improve quarter by quarter
Incident: The company released its 2024 quarterly report. Under the new standards, the company achieved net profit of 5.871 billion yuan, or -38.3% over the same period last year. The company's overall COR was 97.9%, +2.2PCT year over year. COR lift bearing
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 Financial Insurance (02328.HK): High base is dragging down both underwriting and investment performance
Key investment events: China Financial Insurance disclosed 1Q24 results and held a performance conference: 1Q24 achieved net profit of 5.871 billion yuan, a sharp drop of 38.3% over the previous year, and profit performance was lower than expected. The company announcement was mainly about low temperature rain
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:
Big Bank Rating | Damo: For China Financial Insurance's “additional” rating and target price of HK$13.9, it was ranked as the first choice
Glonghui, April 30 | Morgan Stanley released a report saying that China's financial insurance profit for the first quarter fell 38% year-on-year, lower than the forecast, and investment income and underwriting profits also declined due to a high base drag down. The comprehensive cost ratio rose 2.2 percentage points to 97.9%, mainly due to catastrophe losses and increased traffic travel, but it was still better than the industry. The bank set a target price of HK$13.9, which gave it an “plus” rating and ranked it as the first choice. According to the report, the reason for the decline in profits was that underwriting profits and other profits both recorded declines. The decline in investment income is mainly due to loss in equity investment, but the overall comprehensive return should be quite good. The book value per share is
China Financial Insurance (02328.HK): Under pressure, profit was slightly lower than expected
The company disclosed its 2024 quarterly report, achieving net profit of 5.881 billion yuan, -38.3%; comprehensive cost ratio of 97.9%, +2.2pt year over year; and 0.8% return on total investment without annualization. The main profit fluctuations in the first quarter
China Financial Insurance (2328.HK): Profit falls short of expectations and measures are expected to be stable for the whole year
Guide to this report: The company's 24Q1 net profit was -38.3% year-on-year, and both underwriting and investment were under pressure; the growth of car insurance and non-car premiums was under pressure, and the recovery of car travel and major disasters led to a rise in COR; it is expected that the company will promote insurance through connotative development in the future
The financial sector of Hong Kong stocks weakened, with China's financial insurance falling more than 3%, and China Merchants Bank and CICC falling nearly 3%.
The financial sector of Hong Kong stocks weakened, with China's financial insurance falling more than 3%, and China Merchants Bank and CICC falling nearly 3%.
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.
China Financial Insurance (02328.HK): Under pressure on both underwriting and investment, profits fall short of expectations and awaiting adjusted opportunities
1Q24 net profit was lower than our and market expectations China Financial Insurance announced 1Q24 results: premium income +3.8% year over year; comprehensive cost ratio (CoR) was +2.2ppt to 97.9% year over year, falling short of our expectations and the market.
China Financial Insurance (02328.HK): Underwriting and investment impact performance is expected to improve quarterly in the future
Core view: The company released a quarterly report: net profit attributable to mother under the new standards was 5.87 billion yuan, -38.3% year-on-year. Net profit declined by a relatively large margin due to a combination of factors such as the drag on the equity market and the decline in underwriting profits. Q1 The company returned to the mother
China Financial Insurance (2328.HK) 1Q24: Catastrophe affects underwriting performance
Net profit declined year-on-year, and China Financial Insurance announced 1Q24 results on April 29. Net profit was RMB5.87bn, down 38% year on year, mainly due to deteriorating underwriting performance and investment fluctuations in the first quarter, which had an impact on profits. Comprehensive cost rate
China Financial Insurance (02328.HK): The freeze disaster and high mobility drag down COR policy side sending a positive signal
The freezing disaster and high mobility are dragging down COR, and the decline in equity investment under the high base is dragging down performance. The company disclosed its 2024 quarterly report. The net profit of 2024Q1 to the mother was 5.881 billion yuan, or -38.3% year-on-year, lower than our expectations.
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