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<Hindsight>Brokers' Ratings/ TPs/ Opinions on PING AN Post-Results
Recommend
27
Positive
31
Negative
15
Broker│ Rating│ TP
Morgan Stanley│ Overweight│$95
CICC│ Outperform│$99.4
Citi│ Buy│$85.5
BofA Securities│ Buy│$74
Goldman Sachs│ Buy│$74
CLSA│ Outperform│$71

Broker | Opinion
Morgan Stanley | Solid growth was in line with expectations; firm is entering the final stage of de-risking
CICC | Results were in line with expectations; integrated financial development is promising
Citi | New business value, net profit and dividend were largely in line with expectations; cost ratio beat forecast; net loss from asset management slipped 68%
BofA Securities | Results were solid, with inflection point in contract services margins
Goldman Sachs | Earnings and dividends were in line with anticipations
CLSA | Operating profit after tax and dividend were stable

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