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<Research>M Stanley Turns More Positive on PING AN (02318.HK) on Significant Growth Potential
Recommend 40 Positive 81 Negative 38 |
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Morgan Stanley published a research report turning more positive on PING AN (02318.HK)(601318.SH), and believing that the Group can seize key opportunities in wealth management, healthcare and senior care services. The broker saw investor concerns fading, paving the way for revaluation. Therefore, Morgan Stanley reiterated ratings at Overweight for PING AN's H-/ A-shares, and lifted its target prices by 27%/ 21% to $89/ RMB85. The reasons for PING AN's significant growth potential and ability to seize business opportunities are its advantages in three areas, potentially making it a major beneficiary, Morgan Stanley added. These include the solid growth of Chinese household wealth, with financial assets expected to grow at an CAGR of 8% for 2024-2030, reaching RMB440 trillion, benefiting insurance products. AASTOCKS Financial News Website: www.aastocks.com |
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