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<Research>CLSA Lifts PING AN (02318.HK) TP to $58, Expects 3Q OPAT to Swell 22% YoY
Recommend 22 Positive 30 Negative 7 |
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PING AN (02318.HK) will release its 3Q results after the market closes next Monday (21st), according to a report from CLSA. The broker expected a 22% YoY growth in its OPAT on a low base, with NBV growth reaching a high double digit. As PING AN's stock price has already risen by 20% following the central government's announcement of supportive policies, the broker believed PING AN to be an early beneficiary of the real estate policy relaxation with potential to boost its investment returns. The broker maintained an Outperform rating on PING AN, with a TP lifted from $48 to $58. AAStocks Financial News |
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