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<Research>Citi Generally Raises TPs for CN Insurers as Most Players Deliver Better-than-expected 1H24 Results
Recommend 28 Positive 74 Negative 26 |
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Most life and property & casualty (P&C) insurers posted better-than-expected 1H24 results, Citi Research issued a research report saying. Despite a surge in nationwide NAT CAT losses, the CoR of the top three P&C insurers remained solid in 1H24, Citi Research added. Of which, the CoR of PICC GROUP (01339.HK)/ PING AN (02318.HK) were 96.2%/ about 97.8%. Citi Research was bullish on PICC P&C (02328.HK), PICC GROUP, CPIC (02601.HK) and CHINA LIFE (02628.HK), and generally raised its target prices for Chinese insurers. The latest ratings and target prices of the sector are listed in a separate table. AAStocks Financial News |
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