Group 1 - Goldman Sachs has assigned a "Neutral" rating for China People's Insurance Group (01339) H-shares and a "Sell" rating for PICC (601319.SH) A-shares, with a 12-month target price of HKD 6.8 and CNY 6.5 respectively [1] - For China Pacific Insurance (02328), Goldman Sachs has given a "Buy" rating, with a 12-month target price of HKD 19.7 based on return on equity valuation [1] - The management team of China People's Insurance Group emphasized the focus on improving cost efficiency in non-auto insurance and expects the underwriting environment for new energy vehicle insurance to improve further [1] Group 2 - The sales performance of life insurance products during the New Year period has met the company's expectations, and it is anticipated that the sales contribution from long-term premium products will lead to margin expansion [1] - The long-term goal of PICC is to provide sustainable per-share dividend growth for shareholders, with a commitment to consider the dividend payout ratio [1]
高盛：中国人民保险集团长期目标为股东提供可持续股息增长 目标价6.8港元