Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02601 CPIC
RTNominal down26.250 -0.250 (-0.943%)
Research Report

13/09/2019 09:13

{I-bank focus}Goldman downgrades CPIC (02601) to "sell

[ET Net News Agency, 13 September 2019] Goldman Sachs maintained its target price for
China Pacific Insurance (CPIC)(02601) at HK$36.05 unchanged but downgraded its rating to
"sell" from "neutral" on the relatively less attractive upside.
The research house said CPIC is up 29% year-to-date, outperforming H-share peers (12%)
and the HSCEI index (4%). While CPIC has maintained a 50% payout ratio since 2015, Goldman
believes this is unlikely to continue in FY2019, especially after the company noted that
it would consider linking the dividend payment with operating profit.
Goldman lowered its FY2019-21 NBV estimates for CPIC slightly, by 2-3%. (KL)

Remark: Real time quote last updated: 26/02/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.