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<Research>M Stanley Expects PING AN (02318.HK) 1Q Results Solid, Supporting Medium-term Share Price Re-rating
Recommend
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Positive
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Negative
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Morgan Stanley estimated PING AN (02318.HK) to log a solid 3.6% YoY growth in OPAT for 1Q26, accelerating from the 2.4% growth in the same period last year. Among segments, life OPAT was projected to rise 4.8% YoY, supported by continued asset growth and relatively stable interest rates.

The broker considered the group's 1Q26 results to remain solid despite market turmoil, which will be conducive to a medium-term share price re-rating. It assigned a TP of HKD89 and an Overweight rating to Ping An's H shares, naming it as a top pick.

Related NewsPing An Insurance (02318.HK) Subsidiary Ping An Bank (000001.SZ) 1Q Net Profit RMB14.523 billion, Up 3%


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