[ET Net News Agency, 30 April 2024] HSBC Global Research lowered the target price for
PICC P&C (02328) to HKD11.7 from HKD12 and maintained the "buy" rating.
The research house said it expects PICC P&C to deliver CAGRs of 6.1% for insurance
revenue and 8.8% for book value over 2023-26. (rc)