The modest upward revision in PICC Property and Casualty’s consensus price target likely reflects a higher future P/E multiple, while profitability remained stable; as a result, the fair value estimate increased slightly to HK$17.14.
What's in the News
- Board meeting scheduled to consider and approve interim results for the six months ended June 30, 2025, and potential interim dividend payment.
- Extraordinary shareholders meeting called to approve the Core Equipment Procurement Project (First Batch) for 2025.
- Shareholders approved amendments to the Articles of Association, with the Board authorized to further revise these as needed per regulatory requirements; amendments await regulatory approval to become effective.
Valuation Changes
Summary of Valuation Changes for PICC Property and Casualty
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from HK$16.88 to HK$17.14.
- The Future P/E for PICC Property and Casualty has risen from 10.15x to 11.11x.
- The Net Profit Margin for PICC Property and Casualty remained effectively unchanged, moving only marginally from 7.14% to 7.21%.
Disclaimer
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