On July 28, PICC P&C rose 3.19% in regular trading to HK$15.69/share, with turnover of HK$149 million, staging a sharp intraday recovery after opening down 3.66% at HK$14.48. The rebound appears underpinned by multiple broker Buy ratings and the approaching final dividend payment of HK$0.506 per share scheduled for July 31.
Guangfa Securities recently noted that China's natural disaster losses in the first half declined 22.1% year-on-year, expected to further optimize PICC P&C's claims ratio. The continued enforcement of the expense-filing consistency policy across both auto and non-auto insurance lines is driving down combined cost ratios. Multiple brokerages including Bank of America (target HK$18.4), Morgan Stanley (target HK$20.5), and Huatai Securities (target HK$20.7) maintain Buy or Overweight ratings. Southbound funds have accumulated net purchases of 24.1 million shares over the past 20 trading days, reflecting sustained institutional buying interest.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments