Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02601 CPIC
RTNominal up13.700 +0.380 (+2.853%)
Others

05/11/2019 09:55

{I-bank focus}HSBC downgrades CPIC (02601) to "hold" & HK$31

[ET Net News Agency, 5 November 2019] HSBC Global Research lowered its target price for
China Pacific (CPIC)(02601) to HK$31 from HK$38 and downgraded its rating to "hold" from
"buy".
The research house said CPIC has a relatively strong balance sheet with C-ROSS solvency
ratios of core 290%/comprehensive 296% and low debt leverage. HSBC expects it to deliver
1% p.a. new business value decline over 2018-21, while there is an opportunity to develop
its residual margin disclosure to improve earnings visibility, given life accounts for 70%
of group PBT (profit before tax).
Although HSBC expects the P&C combined ratio to remain close to 99%, given pressure from
motor reform, its non-life accounts for only 30% of PBT. CPIC offers the highest dividend
payout and yield among China life insurers. (KL)

Remark: Real time quote last updated: 28/03/2024 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.