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China International Capital Corporation: raises the Target Price of PICC GROUP (01339) to HKD 6.2, with a rating of 'Outperform'.
The bank stated that PICC GROUP (01339) had a net profit increase of 88.8% to 42.2 billion yuan last year, which meets the bank's expectations and the profit forecast issued by the company.
Direct coverage of The People's Insurance Earnings Conference: Executives discuss for the first time the accident rate in intelligent driving and the moderate allocation of high dividend rate equity Assets.
① Yu Ze introduced that after using Asia Vets driving, the accident rate has slightly decreased, and currently, the compensation rate is acceptable, but the main risk of Asia Vets driving lies in the collective risk brought about by OTA upgrades or system failures. ② It is necessary to continuously optimize the structure of Assets Hold Positions, steadily increase the proportion of OCI equity, and moderately allocate high dividend yield OCI equity assets. ③ The sensitivity of data in the Insurance Industry is extremely high, focusing on the challenges and opportunities brought by domestic large models.
Research Reports on Mining Opportunities | Founder Securities: The People's Insurance profitability is expected to continue to improve, maintaining a "strong buy" rating.
The research report from Founder Securities points out that in 2024, The People's Insurance (601319.SH) is expected to achieve a net income of 42.9 billion yuan, with a year-on-year increase of 88.2%, and a DPS increase of 15.4% year-on-year. The company's operation is stable and meets expectations. The health business is experiencing rapid growth, and there is significant improvement in the value rate of personal insurance. In the short term, due to factors such as catastrophic events and the company's proactive increase in the supply of exclusive insurance products for small and micro enterprises, the non-automobile COR has risen somewhat, but with the promotion of integrating non-automobile reporting, the company is further strengthening risk reduction management and adjusting its business structure, which may lead to improvement by 2025. The company is focusing on absolute return orientation, optimizing the structure of Hold Positions, and enhancing investment returns.
China People\'s Insurance: China People\'s Insurance 2024 Annual Report
China People\'s Insurance Company: Summary of China People\'s Insurance 2024 Annual Report
China People\'s Insurance 2024 Annual Report
