JPMorgan Chase: Downgrade Domestic Insurance Stocks and Overweight Ping An of China
财通社2021-08-10
【JPMorgan Chase: Downgrade the rating of various domestic insurance stocks and overweightPing An of China] JPMorgan Chase published a research report pointing out thatPing An of ChinaIn addition to maintaining the overweight rating, the investment ratings of a number of domestic insurance stocks were downgraded. 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 amid increasing macro and policy uncertainties, and the market is expected to be vulnerable for at least the next six monthsAssetsRisk concerns will overshadow business trends. Long-term investors may consider this opportunity, but the lack of catalyst 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%, which willChina Life、China Pacific InsuranceThe rating of PICC Group was lowered from overweight to neutral,New China InsuranceThe rating was downgraded to underweight from neutral.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.
