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<Research>HSBC Research Mildly Lifts PING AN's TP to HKD65; Interim Results in Line
Recommend 17 Positive 29 Negative 5 |
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According to a report from HSBC Research, PING AN (02318.HK)'s 1H25 results delivered key indicators that largely met the market's and the broker's expectations. Specifically, the company's property and casualty insurance underwriting performance was sturdy, new business value growth continued to improve, and dividend yield was superior to its peers. It is worth noting that, however, PING AN's increased tolerance for the asset-liability duration gap could spark uncertainty over the sustained growth of shareholders' equity if interest rates decline. HSBC Research raised PING AN's target price from HKD64 to HKD65 and kept the Buy rating unchanged. AAStocks Financial News |
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