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<Research>JPM: 3 Key Factors Cause PICC P&C (02328.HK) Shr Price Correction
Recommend 9 Positive 17 Negative 5 |
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Since PICC P&C (02328.HK) announced its interim results on 27 August, its share price has declined by 9%, JPMorgan released a research report saying. Over the past month, its performance has been notably weak with a 7% drop, while the HSI ticked up 0.3% during the same period. Yesterday (1 December), its stock price showed a significant correction. The President of PICC P&C is under investigation, according to reports. JPMorgan suggested that, although the news regarding the management of PICC P&C appears unfavorable, it is not considered the main reason for the share price weakness. Compared to the beginning of the year, the stock's attractiveness diminished due to three main factors, naming lower valuation appeal, industry rotation trends and high reinvestment risk. Looking ahead to 2026, the broker preferred large life insurers such as CHINA LIFE (02628.HK) and PING AN (02318.HK) over pure non-life insurers like PICC P&C. AASTOCKS Financial News Website: www.aastocks.com |
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