Guotai Junan international insurance group maintain a neutral rating windjview

Guotai Junan international insurance group: maintain a neutral rating Sina App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. PICC group in the first half of 2016 net profit of 7 billion 700 million yuan shareholders, due to a significant reduction in life insurance segment net profit fell by 39.7%. Due to a significant increase in commission expenses 70%, life insurance segment net profit of only $400 million. PICC Health was recorded 200 million yuan of accounting losses, the loss rate is still high while the benefits from the investment income to help reduce profits. PICC Life Insurance in the first half of 2016, the first annual premium increases rapidly, commission expenses and the value of new business in the middle of the same. We believe that the structural transformation of the company’s product and sales channels is still in its early stages, still need time to achieve long-term growth in the value of new business. While giving a higher value of life insurance business new business multiplier, the investment rating is maintained in the "neutral"". The downside risks include: 1   compared with low interbank new business profit rate, 2   PICC Health later than expected recorded underwriting profit and 3 Insurance Group in the process of business diversification, may add more related transactions, or by the market to understand the overall interests of shareholders unfavorable. (both) to enter the Sina financial stocks] discussion相关的主题文章: