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02328 PICC P&C
RTNominal up5.830 +0.100 (+1.745%)
Research Report

06/03/2020 10:33

{I-bank focus}Nomura lifts PICC P&C (02328) to HK$11.7

[ET Net News Agency, 6 March 2020] Nomura lifted its target price for PICC P&C (02328)
to HK$11.7 from HK$11.62 and maintained its "buy" rating.
The research house thinks the market has mispriced the potential impact of COVID-19 on
PICC P&C. Nomura expects improved underwriting profitability and relatively strong
earnings growth for 1Q, thanks to the improved loss ratio for major business lines,
including the auto insurance business, as a result of decreasing social activities.
Nomura raised its FY2020 earnings forecast by 5% as it trimmed its combined ratio
forecast by 0.5%. (KL)

Remark: Real time quote last updated: 18/09/2020 17:59
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