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<Research>M Stanley: CN Insurers Benefit from PBOC Policies, Stock Mkt Performance Drives ST Industry Momentum
Recommend 42 Positive 88 Negative 47 |
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Morgan Stanley has issued a report predicting that Chinese insurers will log improved earnings in 3Q as they, while benefiting from PBOC policies, will keep their investment actions relatively stable and disciplined, specifically in the stock market. The broker also estimated that the fundamentals of Chinese insurers will pick up in the short term as stock market performance drives short-term industry momentum, and sales trends and interest rates will become mid-term catalysts. Morgan Stanley's investment ratings and TPs for Chinese insurers' H-shares are listed as follows: Stock | Investment Rating | TP AIA (01299.HK) | Overweight | $88 PING AN (02318.HK) | Overweight | $65 CHINA LIFE (02628.HK) | Overweight | $16.1 CPIC (02601.HK) | Overweight | $29.2 PICC GROUP (01339.HK) | Overweight | $4.1 CHINA TAIPING (00966.HK) | Equalweight | $10.6 NCI (01336.HK) | Underweight | $15.4 PICC P&C (02328.HK) | Overweight | $14.2 ZA ONLINE (06060.HK) | Overweight | $12.4 AAStocks Financial News |
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