JPMorgan Chase: Downgrades ratings on various domestic insurance stocks and increases holdings in Ping An Insurance.
财通社2021-08-10
【JPMorgan ChaseDowngrade ratings on various domestic insurance stocks and increase holdings.Ping AnJPMorgan Chase released a research report indicating that...Ping AnIn addition to maintaining our "overweight" rating, we downgraded the investment ratings of several domestic insurance stocks. The bank suggested that funds be raised from other life insurance stocks, taking advantage of Ping An's weak stock price. The report states that mainland insurance stocks appear vulnerable amid increasing macroeconomic and policy uncertainties, and the market is expected to be vulnerable for at least the next six months.AssetsRisk concerns will overshadow business trends. Long-term investors may consider this opportunity, but the lack of catalysts until the first quarter of next year makes the bank cautious. The bank lowered its target price for domestic insurance stocks by an average of 40%, which willChina Life、China PacificPICC Group's rating was downgraded from overweight to neutral.Xinhua InsuranceThe rating was downgraded from neutral to underweight.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.
