Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> BOCOM International Raises China Taiping (00966.HK) TP to HKD26.5; Explosive Growth in Last Year Results
Recommend 3 Positive 1 Negative 2 |
||||
|
||||
|
BOCOM International said in a research report that it has updated its earnings forecasts for China Taiping (00966.HK). The companys net profit attributable to shareholders in 2025 surged 220.9% YoY, with new progress achieved in the transformation of core businesses such as life insurance, and the attractiveness of its high dividend yield becoming more prominent. The broker forecasts that the value of new business will increase to approximately HKD10.6 billion in 2026. BOCOM International raised its TP for China Taiping to HKD26.5, corresponding to a target P/EV of 0.41x for 2026, and maintained a Buy rating. The broker updated its forecasts for 2026 to 2028, expecting steady growth in the scale of the insurance business over the next three years. Driven by product diversification and a diversified duration structure strategy, the value of new business is projected to recover gradually, reaching HKD10.652 billion in 2026. Operational quality and efficiency improvements will continue to advance, with productivity per capita improving significantly. The combined ratio is expected to decline from 98.8% in 2025 to around 98.2% in 2026. Considering that, compared with peers, the company delivered stable investment performance in 2025 and may face relatively smaller disruptions amid a volatile market environment in 2026, its share price has risen by approximately 14% since 2026. Overall, the companys development strategy remains relatively prudent, and after the explosive growth in 2025 results, it still retains certain growth flexibility. (hc/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
