On August 21, PICC GROUP rose 3.85% in regular trading, trading at HK$5.255/share, with turnover of HK$48.24 million.

On the news front, the company announced on August 18 that the board of directors will convene on August 28 to review the interim results for the first half of the year ending June 30 and consider the payment of an interim dividend. Guotai Haitong maintained an Outperform rating on the stock, forecasting H1 net profit attributable to shareholders to grow 31.0% year-over-year, primarily driven by improved investment returns from equity market recovery and sustained underwriting profitability in property and casualty insurance.

Additionally, newly appointed Chairman Tan Jiong officially assumed the role on August 11, with the management transition helping to bolster market confidence. International institutional investor Wellington Management Group LLP also increased its stake to 5.02% through purchases at approximately HK$5.33-5.38 per share in early August, signaling long-term investor endorsement ahead of the results announcement.

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