Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal unchange2.590 0.000 (0.000%)
Research Report

19/02/2020 15:59

{I-bank focus}Nomura cuts TPs for life insurers by 3-7%

[ET Net News Agency, 19 February 2020] Nomura thinks the current situation is
increasingly similar to that in 2016 for the life insurance sector, with the
low-interest-rate environment being the key challenge.
When the risk-free rate trends down to below the inflection point, namely average
guarantee return to policyholders (3% by now), the research house thinks business quality
will be more important to life insurers' valuation multiple than NBV growth. Hence, it
recommended staying safe and sticking with quality names.
Nomura cut its target prices for life insurers by 3-7%, due to increased macro risks and
NBV growth pressures from COVID-19.
Name Rating Target Price
Ping An (02318) BUY HK$119.27 from HK$124.79
China Pacific (02601) BUY HK$37.11 from HK$39.3
China Taiping (00966) BUY HK$26.11 from HK$27.25
New China Life (01336) BUY HK$45.70 from HK$48.58
China Life (02628) BUY HK$23.31 from HK$25.14
PICC Group (01339) BUY HK$4.21 from HK$4.33
AIA (01299) Neutral HK$84.97 from HK$85.81


Remark: Real time quote last updated: 13/08/2020 17:09
  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.