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PICC GROUP Mushrooms 2.5% Post-Results as M Stanley/ BofAS Remain Bullish
PICC GROUP (01339.HK) closed at $5.42 at noon, jumping up 2.46%, with 52.161 million shares traded, involving $279 million.PICC GROUP's 1Q26 results were in line with expectati...
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PICC GROUP Mushrooms 2.5% Post-Results as M Stanley/ BofAS Remain Bullish
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PICC GROUP (01339.HK)  -0.020 (-0.376%)    Short selling $11.05M; Ratio 7.771%   closed at $5.42 at noon, jumping up 2.46%, with 52.161 million shares traded, involving $279 million.

PICC GROUP's 1Q26 results were in line with expectations， Morgan Stanley released a research report saying. Life, P&C and health insurance businesses delivered solid performance, but investment performance was a drag.

Related News M Stanley: 1Q Earnings of Chinese Insurers In Line; Top Pick PING AN (02318.HK)
During the period, net profit fell 31.4% YoY to RMB8.814 billion, in line with the broker's forecast, mainly due to weak investment income. Therefore, Morgan Stanley rated PICC GROUP at Overweight, with a target price of $7.7.

PICC GROUP's 1Q26 net profit was RMB8.8 billion, down 31% YoY, mainly due to lower investment income, BofA Securities issued a research report saying. Realized investment gains increased from RMB12.2 billion to RMB22 billion during the period, but fair value losses widened from RMB500 million to RMB21.1 billion.

The broker kept its target price at $7.5 unchanged for PICC GROUP, believing that, after the recent market correction, the stock is trading at only 0.6x 2026 projected PB ratio, with a dividend yield of 5% and rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.)

Related NewsPICC GROUP (01339.HK) 1Q26 Net Profit Falls 31.4% YoY to RMB8.814 billion

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