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2009-5-13 12:41:00 p.m. HKT, XFNA
DJ MARKET TALK: PICC +3.0%;Strong Premium Growth,Positive Outlook
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| 1225 [Dow Jones] PICC P&C (2328.HK) +3.0% at HK$4.78, after releasing strong premium growth data, with April premiums +18.3% on-year at CNY11.3 billion, likely driven by strong auto sales in China, while 4M09 premium income +13.0% on-year at CNY43.74 billion. Company's fundamentals likely to improve further as strong auto sales expected to sustain, while strong performance of A-share markets and higher investment returns also supportive. Shares unlikely to trouble psychological HK$5.00, vs intraday high of HK$4.82.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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