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<Research>CICC Focuses on Quality Life Insurers, Earnings & Valuation Repair of HKEX (00388.HK)
Recommend 62 Positive 90 Negative 43 |
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Policy expectations are catalyzing the earnings and valuation repair of HKEX (00388.HK), CICC issued a research report saying. The overall financial data for April missed expectations, CICC said. CICC believed that this may bring some sentiment suppression, but it didn't change the core logic of its bullish view on the current round of life insurance investment opportunities, i.e. the ability of high-quality life insurers to withstand the decline in interest rates amid the challenging economic environment drove the long-term trend of their earnings to beat the market's expectations, etc. There is no significant change in the logic of the above recommendations since April, CICC added. After the digestion of sentiment, CICC continued to be optimistic about investment opportunities among life insurers, and liked CPIC (02601.HK), PING AN (02318.HK), CHINA LIFE (02628.HK) and CHINA TAIPING (00966.HK). AAStocks Financial News |
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