[ET Net News Agency, 7 December 2018] Nomura lowered its target price for China
Reinsurance (Group) (01508) to HK$1.79 from HK$1.83 and downgraded its rating to "neutral"
from "buy".
The research house said the target price cut reflects a higher FY2018 life Re business
revenue growth assumption, RMB depreciation, and the higher discount rate to 12% from 11%
(to better reflect the current market situation).
Nomura expects P&C direct combined ratio to stabilise to 100% in FY2018-20 under
balanced regulations, as loss ratio deterioration (+0.6pp in FY2018 and 0.3pp in
FY2019-20) will likely be offset by an improvement in the expense ratio (-0.4pp in FY2018
and -0.3pp in FY2019-20). (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01508 CHINA RE
Nominal 
0.540 -0.010 (-1.818%) Others
07/12/2018 11:58
[I-bank focus]Nomura downgrades China Re (01508) to HK$1.79
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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