- PICC P&C reported a net income of 18.49 billion yuan for the first half of 2024.
- This represents an 8.7% decrease compared to the 20.25 billion yuan reported in the same period last year.
- The interim dividend per share is set at 20.8 RMB cents.
- The combined ratio for the first half of 2024 was 96.2%, which is slightly higher than the 95.8% reported in the same period last year.
- Analyst ratings for PICC P&C include 32 buys, 3 holds, and no sells.
- All comparisons are based on the company’s original disclosures.
PICC Property & Casualty H on Smartkarma
Analyst Janaghan Jeyakumar, CFA, on Smartkarma, has provided a bullish insight on PICC Property & Casualty H (2328 HK) in their report titled “Quiddity Leaderboard HSCEI Sep 24: Announcement Soon; Updated Flow Expectations and Trade Idea“. The analysis indicates an expectation for PICC Property to be added to the HSCEI benchmark, with an estimated one-way flow of US$335mn. The report also highlights the upcoming index rebalancing event in September 2024, with changes and indicative weights anticipated to be announced in mid-August 2024.
Through their research, Janaghan Jeyakumar offers valuable insights into the market performance and potential opportunities related to PICC Property & Casualty H. Investors can refer to this report on Smartkarma for in-depth analysis and strategic considerations based on current market conditions and flow expectations.
A look at PICC Property & Casualty H Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, PICC Property & Casualty H seems to have a positive long-term outlook. With a top score of 5 in both Value and Dividend, the company is perceived favorably in terms of its financial health and ability to provide returns to investors. Additionally, scoring a 4 in Growth and 5 in Momentum indicates a promising upward trend for the company in terms of potential expansion and market performance.
PICC Property & Casualty H, a company that offers a variety of insurance services including property, liability, credit, and health insurances, also engages in investment activities. Although its Resilience score of 3 suggests some level of vulnerability, the overall high scores in Value, Dividend, Growth, and Momentum point towards a bright future for PICC Property & Casualty H in the insurance and investment sectors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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