--- title: "Weekly Recap | PICC GROUP -2.56%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/298788341.md" description: "PICC GROUP (1339.HK) fell 2.56% this week to close at HK$5.90, underperforming the Hang Seng Index by about 0.17 percentage points. The stock traded in a choppy range: Monday (9 Sep) opened at HK$6.025, touched HK$6.085 intraday, then slipped to close at HK$5.90; Tuesday (9 Sep) gapped down to a low of HK$5.81 before closing at HK$5.855; Wednesday (9 Sep) briefly recovered to HK$5.965 and closed at HK$5.945; Thursday (10 Sep) pulled back again to end at HK$5.90. The weekly range was 4." datetime: "2026-09-12T05:16:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298788341.md) - [en](https://longbridge.com/en/news/298788341.md) - [zh-HK](https://longbridge.com/zh-HK/news/298788341.md) generator: "portal-rs" --- # Weekly Recap | PICC GROUP -2.56%, most brokers rate it buy ## The Week PICC GROUP (1339.HK) fell 2.56% this week to close at HK$5.90, underperforming the Hang Seng Index by about 0.17 percentage points. The stock traded in a choppy range: Monday (9 Sep) opened at HK$6.025, touched HK$6.085 intraday, then slipped to close at HK$5.90; Tuesday (9 Sep) gapped down to a low of HK$5.81 before closing at HK$5.855; Wednesday (9 Sep) briefly recovered to HK$5.965 and closed at HK$5.945; Thursday (10 Sep) pulled back again to end at HK$5.90. The weekly range was 4.9%, and average daily volume of 41.7m shares ran 26.1% above the 60-day median. ## Key Events This week’s story centred on the Ministry of Finance’s capital injection into state-owned insurers. On 7 Sep, Citi said the MoF had trimmed the insurer capital injection to RMB60b, positive for PICC GROUP H shares and China Re; the same day, BofA Securities said the capital increase carried limited shareholder dilution, reiterating a Buy with a HK$7.8 target price, while Morgan Stanley called it neutral and focused on execution details. On 8 Sep, Huatai Securities noted PICC would receive RMB15b via a private placement from the MoF, maintaining Buy; Goldman Sachs said the central capital injection signalled sector support and reiterated Buy. On 10 Sep, the company published notices covering a general share issuance mandate, a private placement of A shares, the election of Ms Yang Dongning as executive director, interim dividend distribution for 2026, and the second EGM of 2026. ## Analyst Ratings Among 12 brokers covering the stock, 6 rate it Buy, 3 Overweight and 3 Hold; none rate it Underweight or Sell. The consensus recommendation is Buy, with a consensus target price of HK$7.39, about 25.2% above the latest close. Target prices range from HK$5.875 to HK$9.077, showing wide dispersion. The stock ranks second among two names in the property and casualty insurance industry. ## The Week Ahead Hong Kong will report its unemployment rate, with the prior reading at 3.7%, and on 23 Sep the composite CPI figure is due, with a prior reading of 1.7%. Company-wise, the EGM on 29 Sep will vote on the interim profit distribution, the A-share issuance, and Ms Yang Dongning’s appointment as executive director; the interim dividend update was already published on 10 Sep. ## In Short Most brokers rate the stock Buy and the consensus target sits above spot, while valuation is modest at about 3.98x P/E and 0.66x P/B, yet the share price still lagged the market this week. On the latest trading day, large-lot orders were net buyers by 261.41, medium orders by 1506.13, while small orders were net sellers by 870.57. Dilution worries from the capital injection and A-share issuance sit alongside policy support signals, so the near-term focus falls on the EGM vote and how the interim dividend is delivered. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [01339.HK](https://longbridge.com/en/quote/01339.HK.md) ## Related News & Research - [Bank of America Securities Sticks to Its Buy Rating for People’s Insurance Co (Group) of China (PINXF)](https://longbridge.com/en/news/298329226.md) - [G Sachs: Central Capital Injection Into Insurance Sector Signals Support; Reiterates Buy Rating on PICC GROUP](https://longbridge.com/en/news/298263826.md) - [PICC proposes Yang Dongning as executive director nominee](https://longbridge.com/en/news/298564981.md) - [M Stanley: MOF Capital Injection Into State-owned Insurers Seen Neutral; Focus on Execution Details](https://longbridge.com/en/news/298164007.md) - [PICC (SEHK:1339) Stock Looks Cheap As Profitability Sharpens](https://longbridge.com/en/news/297442945.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**