Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01339 PICC GROUP
RTNominal down2.550 -0.060 (-2.299%)
Research Report

24/07/2020 15:58

{I-bank focus}Goldman lowers PICC Group (01339) to HK$2.9

[ET Net News Agency, 24 July 2020] Goldman Sachs lowered its target price for PICC
Group (01339) to HK$2.9 from HK$3.8 and downgraded its rating to "neutral" from "buy".
The research house said PICC Group is down 20% since 11 September 2019, underperforming
H-share peers (-16%) and HSCEI Index (-1%). This was mainly the result of the share price
weakness of PICC P&C (02328), which contributed 84% of PICC Group's net profit in FY2019.
Goldman now expects a significant deterioration in PICC P&C's underwriting results in
the next 12-18 months, this would also lead to a reduced return for PICC Group. (KL)

Back to Research Report

Remark: Real time quote last updated: 19/04/2024 18:00
  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 2024 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.