Citi has published a research report initiating a 90-day negative catalyst watch on CPIC (02601.HK) +0.380 (+1.159%) Short selling $124.53M; Ratio 224.988% , citing expectations that its FY25 results will lag behind its peers.In Citi's estimate, the FY25 value of new life insurance business on a comparable basis will report a 28% growth, falling below those of CHINA LIFE (02628.HK) -0.200 (-0.794%) Short selling $173.00M; Ratio 74.075% , NCI (01336.HK) -1.080 (-2.300%) Short selling $83.71M; Ratio 76.401% , and Ping An Life Insurance at 38%, 35%, and 32%, respectively.Related News CHINA TAIPING (00966.HK) Full-Year Net Profit Increases 220.9% to RMB27.059 Billion; Final Dividend of RMB1.23Citi also anticipates a combined ratio of 98.0% for the property and casualty combined operating ratio in FY25, less favorable compared to major peers, with forecasts of 97.3% for PICC GROUP (01339.HK) -0.090 (-1.642%) Short selling $26.94M; Ratio 60.925% and 97.1% for PING AN (02318.HK) -0.400 (-0.660%) Short selling $311.28M; Ratio 54.573% .Additionally, the projected 16% YoY increase in FY25 earnings lagged behind the anticipated earnings growth of 220% for CHINA TAIPING (00966.HK) -0.120 (-0.565%) Short selling $16.24M; Ratio 46.218% , 47% for CHINA LIFE, 33% for NCI, and 29.5% for PICC GROUP.Citi has rated CPIC as Buy and given it a target price of HKD44.9.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)Related News M Stanley Selects 26 Chinese 'Best Business Models' Stocks (Table)
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