[ET Net News Agency, 5 May 2021] Guotai Junan raised its target price for PICC P&C
(02328) to HK$7.9 from HK$7.09 and maintained its "neutral" rating.
The research house said despite motor underwriting improvement in 1Q2021, negative
impacts from the reform is expected to remain for at least two more quarters. Meanwhile,
non-motor underwriting might face pressure. (RC)