Goldman Sachs rated PICC GROUP as Neutral due to its long-term goal of providing sustainable per-share dividend growth, which indicates a cautious outlook. The target price of HKD6.8 is based on a sum-of-the-parts valuation method, suggesting that while there is potential for growth, it may not be strong enough to warrant a more favorable rating. In contrast, PICC P&C received a Buy rating with a target price of HKD19.7, indicating a more positive outlook based on a return on equity valuation method.
