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<Research>CLSA Prefers PICC GROUP/ PING AN/ PICC P&C among CN Insurers w/ LT Top Pick Still AIA
Recommend 81 Positive 136 Negative 67 |
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According to a report from CLSA, most Chinese insurers have announced their 3Q results, with which the broker noted that the 1-3Q earnings growth of insurers under its coverage ranged from 36% to 174%, mainly driven by investment income, aligning with expectations. In terms of core insurance performance, PICC GROUP (01339.HK), CHINA LIFE (02628.HK), and PING AN (02318.HK) appeared to have outperformed their peers in 3Q. Among the Chinese insurers, the broker preferred PICC GROUP, PING AN, and PICC P&C (02328.HK), all rated as Outperform. with AIA (01299.HK) as its long-term top pick, also rated as Outperform. AAStocks Financial News |
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