Update shared on12 Sep 2025
Fair value Increased 1.82%The consensus price target for PICC Property and Casualty was little changed despite a higher forward P/E multiple and slightly lower revenue growth forecast, resulting in a minor increase in fair value to HK$19.09.
What's in the News
- Proposed ordinary interim dividend of RMB 0.24 per share for the six months ended 30 June 2025.
- Board meeting scheduled to consider interim results announcement and interim dividend payment.
- Extraordinary Shareholders Meeting convened to approve the Core Equipment Procurement Project (First Batch) for 2025.
- Shareholders approved amendments to Articles of Association, authorizing the Board or chairperson to revise amendments in line with regulatory requirements and pending regulatory approval.
Valuation Changes
Summary of Valuation Changes for PICC Property and Casualty
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from HK$18.75 to HK$19.09.
- The Future P/E for PICC Property and Casualty has significantly risen from 10.62x to 11.69x.
- The Consensus Revenue Growth forecasts for PICC Property and Casualty has fallen from 3.1% per annum to 3.0% per annum.
Disclaimer
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