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<Research>HSBC Research Upgrades CHINA LIFE (02628.HK) to Buy, Raises TPs for CN Insurers; Top Pick PING AN (02318.HK)
Recommend 35 Positive 65 Negative 30 |
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With the introduction of a series of measures to stabilize the property and stock markets, investors' concerns about the asset quality of insurance companies were alleviated, HSBC Global Research issued a research report saying. The rebound in the stock market will also help to enhance the profitability and dividends of insurance companies. Therefore, the broker's sector top pick is PING AN (02318.HK), with rating kept at Buy and its target price elevated from $42 to $56. HSBC Global Research also upgraded CHINA LIFE (02628.HK) to Buy from Hold, and lifted its target price to $18 from $12. The broker generally raised its target prices for Chinese insurers. The latest investment ratings and target prices are listed in the table below. The latest ratings and target prices of the sector are listed in a separate table. AAStocks Financial News |
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