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<Research>Citi Reduces PING AN's TP to HKD82, Rating Buy
Recommend 46 Positive 54 Negative 28 |
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Citi issued a research report updating its forecast model for PING AN (02318.HK). It also lowered its FY26-27 EPS forecasts for the company by 5% and 4%, respectively, while introducing a forecast for FY28. The broker reduced PING AN's target price from HKD85.5 to HKD82 based on the sum-of-the-parts valuation method. The company was rated as Buy. Optimistic about PING AN as a pioneer in life insurance reform, Citi said its management has strong execution capability and a forward-looking mindset. The company will likely benefit over the long term from ongoing life insurance reforms and have the lowest sensitivity to the reserve cycle. Auto-translated by AI AASTOCKS Financial News |
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