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M Stanley: PICC P&C(02328.HK) 2017 Profit Slightly Misses Estimates, Conservative Div.
Morgan Stanley maintained PICC P&C(02328.HK)  -0.520 (-3.325%)    Short selling $134.19M; Ratio 33.030%   rated Overweight at the target price $21.2.

The broker stated in its report that the company's 2017 earnings grew 10% yearly, slightly below forecasts. The payout ratio was flattish year on year at 25%, lower than most major peers' over 30%.

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