Movement Alert|PICC Group Rises 3.15% in Regular Trading, Brokers See Q2 Earnings Surge and Valuation Repair for Insurance Sector

Market Focus07-03

On July 3, PICC Group (01339.HK) rose 3.15% in regular trading, trading at HK$4.9/share, with turnover of HK$49.46 million. The stock rebounded strongly following its ex-dividend date on July 2.

On the news front, Guojin Securities issued a research note highlighting that the insurance sector's Q2 earnings are expected to grow significantly, with valuation repair anticipated as the market returns to second-quarter earnings logic. The broker noted that while life insurance premium growth moderated with May personal insurance premiums declining 3.0% year-over-year, property insurance showed recovery at +2.3%, driven by liability and health insurance growth in non-auto segments.

Additionally, PICC Group's record-high cash dividend of RMB 9.729 billion for fiscal year 2025, representing a 22.2% increase year-over-year, was formally approved at the June 25 shareholder meeting. The final dividend of RMB 0.145 per share will be paid on July 31. Meanwhile, BlackRock recently increased its stake in PICC H-shares to 7.09%, signaling institutional confidence in the company's outlook.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment