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| HSI1 | 25,884.43 | +25.55 | 328.18B |
| HSCEI1 | 8,612.15 | -32.56 | 103.63B |
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2026-07-31 11:12:30 Morgan Stanley issued a report expecting PING AN (02318.HK) to deliver solid results for 1H, making its 0.77x 2027E P/B and 6% dividend yield more attractive. The broker rated the stock Overweight with a TP of HKD88. PING AN will release its 1H results after market close on August 20. The broker expected operating profit for 1H to grow 8%, while NPAT was forecast to add 29% YoY. Asset management and life insurance were expected to juice net profit growth. The broker predicted the VNB growth for Ping An Life to slow to 11% in 1H, implying a 3% YoY decline in 2Q. 3Q will also face an extremely high base, while management continues to maintain its double-digit growth target for 2026. A lower base in 4Q will help achieve the guidance. ~ AASTOCKS Financial News Website: www.aastocks.com | |