CPIC (2601 HK) - 3Q NBV Growth Accelerated; Expect Par Sales to Outgrow
CPIC released 3Q results with NPAT up 65.5% YoY to RMB38.3bn, at mid-point of announced profit alert to rise by 60%-70%. 3Q NPAT grew 173.6% YoY to...
295 Views
CPIC (2601 HK) - Steam Ahead with Doubled 2Q Net Profit and Strong NBV Uptrend
We revise up our price target to HK$28.3 (previous HK$24.8), implying FY24E 0.4x P/EV and 0.9x P/BV. Reiterate BUY; maintain the stock as our...
357 Views
China & HK Strategy: Names to Watch for Market Value Management
CSRC's Market Value Management Guidelines will benefit the H-share banks and infrastructure construction companies because their A-shares have P/B...
177 Views
CPIC (2601 HK) - VNB Growth Accelerated; NP Turned Positive YoY
CPIC turned to positive VNB growth by +30.7% YoY in 1Q24, outpacing peers i.e. China Life / Ping An +26.3%/+20.7% YoY in the corresponding period.
196 Views
SF Holding H Share Listing (6936 HK): Valuation Insights
SF aims to raise gross proceeds of US$705-792m. Our valuation analysis suggests that the H Share listing range is attractive. We would participate...
243 Views