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<Research>CMBI Keeps Buy on PING AN; 1Q Results Steady
Recommend 11 Positive 17 Negative 3 |
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According to CMBI's research report, PING AN (02318.HK) (601318.SH) managed to deliver steady results for 1Q26, with operating profit rising by 7.6% YoY to RMB40.8 billion, better than the broker's estimate of RMB39.2 billion. In addition, PING AN's net profit after tax declined by 7.4% YoY to RMB25 billion, slightly above CMBI's estimate of RMB24.3 billion. The group's net asset value also increased by 1.8% from the beginning of the year, in line with the broker's forecast. CMBI has kept a Buy rating on PING AN, with a target price of HKD86. Auto-translated by AI AASTOCKS Financial News |
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