Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BofAS Upgrades PING AN OF CHINA (601318.SH) A-shrs to Buy as Mkt Volatility Impacts Investment Returns
Recommend 25 Positive 43 Negative 15 |
||||
|
||||
|
PING AN (02318.HK) will announce its 2025 annual results on 26 March, BofA Securities published a research report saying. The broker lowered its 2025 earnings forecast by 9% to RMB137 billion, primarily due to a reduction in expected investment returns for 4Q25 and increased provisions, kept its 2026-2027 earnings forecasts largely unchanged. BofA Securities maintained its forecast for a 30% YoY growth in new business value and a 9% YoY growth in operating profit after tax for 2025. The short-term fluctuations in investment returns due to market conditions do not alter the broker's view on PING AN's shift in medium-term profitability. Therefore, BofA Securities kept its target prices for PING AN's H-/ A-shares at $74/ RMB71.7. Meanwhile, due to attractive valuation, the broker upgraded PING AN's A-shares from Neutral to Buy, and reaffirmed rating at Buy for PING AN's H-shares, with solid improvements in fundamentals. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
