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CHINA TAIPING Soars 4%+; JPM Keeps Overweight Rating Unchanged
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CHINA TAIPING (00966.HK) staged a rebound after opening slightly lower this morning (29th). It last traded at HKD22.04, up 4.26%, with a volume of 3.5506 million shares, involving HKD77.9023 million. JPMorgan's research report said that CHINA TAIPING's share price has underperformed the market by 2.8% since its FY25 results release in March, as investors focused on the quality of its liability reserves and the sustainability of its dividend per share. In JPMorgan's opinion, the market has overlooked Taiping Life's industry-leading participating policy mix, which is enabling its overall funding costs to decline faster than peers, while reducing the sensitivity of new business value to risk-free interest rates. JPMorgan kept an Overweight rating on CHINA TAIPING, with a target price of HKD30. Auto-translated by AI AASTOCKS Financial News |
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