[ET Net News Agency, 13 December 2018] Daiwa lowered its target price for China Pacific
Insurance (02601) to HK$42 from HK$52 and maintained its "buy" rating.
The research house said they see China Pacific Insurance's FYP momentum in 2019E being
driven by critical illness products, but in the near term it may be slow to gather pace.
Unlike the market, though Daiwa continues to see China Pacific Insurance as the listed
insurer most committed to the long-term protection business, they are somewhat concerned
about its agency channel execution near term. (RC)