Morgan Stanley Slightly Lowers PICC P&C Target Price to HK$20.5, Citing Weaker Non-Auto Insurance and Investment Performance

Stock News04-08

According to a research report, Morgan Stanley stated that PICC P&C's (02328) 2025 results were generally in line with expectations. The firm has updated its risk-return model but noted that the non-auto insurance combined ratio exceeded 100% and investment performance in the fourth quarter of last year was slightly weaker. The bank believes that PICC P&C's new management team may place greater emphasis on the combined ratio and shareholder returns. Consequently, Morgan Stanley has reduced its target price for the insurer by 1%, from HK$20.7 to HK$20.5, while maintaining an "Overweight" rating. Morgan Stanley forecasts earnings per share for PICC P&C of RMB 1.79 and RMB 1.93 for the current and next fiscal years, respectively.

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Consequently, Morgan Stanley has reduced its target price for the insurer by 1%, from HK$20.7 to HK$20.5, while maintaining an \"Overweight\" rating. 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Morgan Stanley forecasts earnings per share for PICC P&C of RMB 1.79 and RMB 1.93 for the current and next fiscal years, respectively.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1497733557.USD","symbol_name":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","start_time":0,"source_url":"","article_id":"1146976192","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146976192","pubTimestamp":1775640137,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"According to a research report, Morgan Stanley stated that PICC P&C's (02328) 2025 results were generally in line with expectations. 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The firm has updated its risk-return model but noted that the non-auto insurance combined ratio exceeded 100% and investment performance in the fourth quarter of last year was slightly weaker. The bank believes that PICC P&C's new management team may place greater emphasis on the combined ratio and shareholder returns. Consequently, Morgan Stanley has reduced its target price for the insurer by 1%, from HK$20.7 to HK$20.5, while maintaining an \"Overweight\" rating. 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