China Pacific Insurance (Group) Co (HK:2601) has released an update.
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China Pacific Insurance Group anticipates a substantial net profit increase of 60% to 70% for the first three quarters of 2024, driven by strategic asset allocation and a favorable capital market. The company’s preliminary estimates suggest a net profit of RMB37.0 billion to RMB39.4 billion, highlighting a significant growth compared to the same period in 2023. Investors are advised to consider this promising outlook when dealing with the company’s shares.
For further insights into HK:2601 stock, check out TipRanks’ Stock Analysis page.
