Chinese-funded insurance stocks are well built and bullish on target prices
Source: Internet
Author: User
KeywordsHong Kong dollar Hang Seng index
Chinese-funded insurance stocks this morning to support the big city, China Life (02628-HK) and Chinese PICC (02328-HK) is now up 2.06% and 1.71%, China Insurance International (00966-HK) also rose 0.13%, Ping An (02318-HK) continued to suspend trading pending clarification of the acquisition of deep development ( 000001-CN). Daiwa reported that Chinese insurers raised their share investment in total investment assets from 8% in 2008 to 9% to 12% in the first quarter of 09, and that the Hang Seng Index and Shanghai Composite Index rose by 26.3% and 44.6% respectively in the previous five months of 2009. Therefore, China life, Ping An and China's PICC 2009 equity investment valuation growth is expected to rise from zero to 15%, but also the three insurance companies in 2009 total investment return expected to increase 0.6%-1%. Daiwa maintained Chinese longevity to a stronger-than-market rating, raising the target price of Chinese life from HK $33.61 to HK $39.98. Lifted China's Ping an rating from holding to stronger than the market, raising its target price from HK $54.95 to HK $67.86. Maintain a rating on Chinese insurance, raising its target price from HK $5.05 to HK $5.7.
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