Last year, insurers in the Asia-Pacific region performed best among H-share insurers, JPMorgan released a research report saying. Of which, CHINA LIFE (02628.HK) -0.200 (-0.794%) Short selling $173.00M; Ratio 74.075% snowballed 87%, while PING AN (02318.HK) -0.400 (-0.660%) Short selling $311.28M; Ratio 54.573% soared 42%, both significantly outperforming the HSI's 28% hike.The broker's top pick is PING AN, with a target price of $100 and rating at Overweight, followed by CHINA LIFE, with a target price of $40. The latest ratings and target prices of the sector are listed in a separate table. Moreover, JPMorgan upgraded CPIC (02601.HK) +0.380 (+1.159%) Short selling $124.53M; Ratio 224.988% from Neutral to Overweight, reflecting its fundamental recovery.Related News M Stanley Selects 26 Chinese 'Best Business Models' Stocks (Table)However, the broker downgraded NCI (01336.HK) -1.080 (-2.300%) Short selling $83.71M; Ratio 76.401% from Overweight to Neutral, primarily due to concerns about the widening gap in reserve quality compared to major insurers after strong rebound in 2025. JPMorgan remained cautious about the non-life insurance sector, and rated PICC P&C (02328.HK) -0.110 (-0.752%) Short selling $82.81M; Ratio 170.124% and PICC GROUP (01339.HK) -0.090 (-1.642%) Short selling $26.94M; Ratio 60.925% at Neutral.The broker continued to favor H-share over A-share life insurers, believed that H-share life insurers offer more attractive risk-reward profiles, and anticipated the valuation gap between H- and A-shares will further narrow. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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