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 up20.800 +0.050 (+0.241%)
Research Report

25/03/2020 17:40

{I-bank focus}Daiwa Research lowers CPIC (02601) to HK$22.75

[ET Net News Agency, 25 March 2020] Daiwa Research lowered its target price for China
Pacific Insurance Group (CPIC)(02601) to HK$22.75 from HK$28 and maintained its "hold"
The research house said CPIC's results conference call mainly discussed its dividend
policy, agency reform, and the COVID-19 impact. Daiwa noted that CPIC's robust dividend
yield of 6.4% is the second-highest among China insurers after PICC P&C's (02328) 7.1%.
However, Daiwa believes the dividend yield alone does not prompt an upgrade of the
stock, given its mild DPS growth outlook due to (1) a bleak interest-rate outlook, (2)
soft agency development trend, and (3) dividend payout still being related to accounting
profit, to some extent, which will likely be weaker than its OPAT (operating profit after
tax) over 2020-22. (KL)

Remark: Real time quote last updated: 25/05/2020 10:11
  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.