On August 21, NCI rose 3.21% in regular trading, trading at HKD 47.64/share, with turnover of HKD 178 million. The stock gained alongside a broad insurance sector rally, with its board set to review interim results and dividend matters on August 26.
The insurance sector posted strong collective gains, with China Life up 4.64%, China Taiping up 3.76%, Ping An up 3.14%, and AIA up 3.09%. Institutions noted that Hong Kong-listed insurance stocks are trading at historically low valuations with ample margin of safety, and that leading insurers offer compelling allocation value amid capital market recovery and industry profit recovery.
NCI previously issued a profit alert forecasting H1 attributable net profit of RMB 20.72 billion to RMB 23.68 billion, representing 40% to 60% year-over-year growth. The company attributed this to value growth in its life insurance business, stronger investment capabilities, and optimized asset allocation. The board will convene on August 26 to approve interim results and consider an interim dividend, followed by an earnings presentation on August 27.
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