No Data
Zhongyuan Mortgage: In June, there were 33 recorded cases of Hong Kong mortgage retirement, an increase of 50% from the previous month.
According to the data from the Central Plains Mortgage Research Department and the Land Registry, Hong Kong recorded 33 retirement mortgage registrations in June, a 50% monthly rebound.
Hong Kong stocks fluctuate | China Pacific Insurance (02601) fell more than 4%, leading the decline in mainland insurance companies, and insurance companies are facing greater pressure from interest rate spreads. The pre-determined interest rate of life i
Mainland insurance companies fell in early morning trading. As of press time, China Pacific Insurance (02601) fell 4.22% to HKD 19.3; New China Life Insurance (01336) fell 1.65% to HKD 14.34; China Life Insurance (02628) fell 1.68% to HKD 10.54.
CMB International: Mid-term performance of insurance companies in 1H24 is expected to exceed expectations. Recommend buying China Pacific Insurance (02601) and PICC P&C (02328).
China Merchants International believes that the resilience of the growth in life insurance premium income in the first half of the year is expected to support an increase in the new business value of insurance companies by a high double-digit percentage in the first half of 2024.
htsc: Banks increase positions, steady financial allocation.
HTSC released a research report stating that the bank, insurance, and fund hold positions in 24Q2 have rebounded overall compared to 24Q1. The position of the bank sector has marginally increased, rising from 2.43% in 24Q1 to 2.73%.
Jefferies Financial: Q2 profits from mainland insurance companies pave the way for recovery in the second half of the year, raising target prices for China Life Insurance, China Pacific Insurance, and other companies.
Jefferies Financial released a research report indicating that the operating performance of mainland insurance companies in the second quarter of this year seems to be moving in the right direction, paving the way for further recovery in the second half of the year. The key will be the growth of mid-term dividends and dividends per share. The market weakness and the drag on stock prices by individual company news have not fully reflected favorable factors. The performance of China Pacific Insurance may surprise the market. The bank expects Ping An Insurance's second quarter and first-half after-tax operating surplus to increase by 4% to 5% year-on-year. It is expected that China Life Insurance's investment income in the first half of the year may increase year-on-year. The new business value in the first half of the year may slow down by 26% from the first quarter on a year-on-year basis, but it is still expected to maintain double-digit growth. In the first half of the year, Pacific Insurance's new business
Changjiang Securities: Asset-end contradictions remain the core factor in the valuation of insurance for 24 years.
Looking back at the changes in the valuation of the insurance industry from 2011 to now, improvements in assets have been a common factor in the rebound of the valuation six times, while the termination of the market is mostly due to the deterioration of assets, and the industry as a whole exhibits a strong beta property.
No Data
