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<Research>M Stanley Lifts PING AN (02318.HK) TP to $92 w/ Rating Overweight
Recommend 28 Positive 38 Negative 9 |
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Morgan Stanley issued a research report updating its risk-reward assessment and adjusting certain financial metrics after PING AN (02318.HK) announced its 1Q26 results. The broker slightly raised its 2026-2028 operating profit after tax (OPAT) forecasts for the Group by 0.3-0.6%, mainly due to a more optimistic outlook on the asset management (AM) segment. Morgan Stanley now expected the segment to achieve breakeven starting from 2026, one year earlier than previously projected. Net profit after tax (NPAT) forecasts for the period were also lifted by 0.3-0.6% accordingly. Therefore, Morgan Stanley lifted its target price for PING AN to $92 from $89, with rating at Overweight, and continued to view the stock as its sector top pick. 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
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