JPMorgan Chase: Downgrade the ratings of various domestic insurance stocks and increase weight of Ping An of China

财通社2021-08-10

[JPMorgan Chase: Downgrade the ratings of various domestic insurance stocks and overweight Ping An of China] JPMorgan Chase published a research report, stating that in addition to Ping An of China maintaining an overweight rating, it downgraded the investment ratings of many domestic insurance stocks. The bank suggested that other life insurance stocks mobilize funds and collect them while Ping An's share price is weak. According to the report, mainland insurance stocks are vulnerable when macro and policy uncertainties are increasing, and it is expected that market concerns about asset risks will overshadow business trends in at least the next six months. Long-term investors can consider this opportunity, but the lack of catalysts until the first quarter of next year makes the bank cautious. The bank lowered the target price of domestic insurance stocks by an average of 40%, putting China Life, China Pacific Insurance...

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