[ET Net News Agency, 16 January 2018] HSBC Global Research lifted its target price for
PICC Group (01339) to HK$4.3 from HK$3.8, and maintained its "hold" rating.
The research house said PICC Group derives 70% of its value from its 69% shareholding in
PICC P&C (02328). Its estimates imply a 19% growth for life NBV, 8% for life EV, 13% for
BV, 13% EPS and 13% DPS CAGR over 2016-19.
HSBC believes that management needs to provide greater clarity on its life, pensions,
health and reinsurance strategy, as well as M&A ambitions following press reports and
management comments in recent months, as well as the appointment of Miao Jianmin as Group
Chairman in December 2017. (KL)
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01339 PICC GROUP
Nominal 
2.550 -0.060 (-2.299%) Others
16/01/2018 10:40
[I-bank focus]HSBC lifts PICC Group (01339) to HK$4.3
| Remark: | Real time quote last updated: 19/04/2024 14:41 |
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