PICC P&C (02328) rose more than 3% and, as of the time of publication, increased by 3.09% to HKD 10.02 with a turnover of HKD 42.6628 million.
According to the Zhitong Financial APP, PICC P&C (02328) rose more than 3%, increased by 3.09% to HKD 10.02 with a turnover of HKD 42.6628 million.
Recently, PICC P&C announced that its original insurance premium income from January 1, 2024 to May 31, 2024 was CNY 249.121 billion, a year-on-year increase of 3.1%.
Guolian Securities recently released a research report stating that PICC P&C announced its premium income for May 2024. The company achieved a premium income of CNY 38.626 billion that month, a year-on-year increase of 4.4%, of which the motor insurance increased by 4.4% and the non-motor insurance increased by 4.3%. Considering that the company continues to focus on high-quality development, the company's COR is expected to continue to improve in 2024. In addition, the improvement of the asset-side environment is expected to drive investment income improvement, thereby supporting the company's net income growth. Against this background, the company's ROE is expected to reach over 12%.