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<Research>CLSA: PING AN (02318.HK) 2025 OPAT Hikes by 10%, Beating Forecast; Div. in Line
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PING AN (02318.HK) achieved a stable 10% growth in operating profit after tax (OPAT) last year, beating expectation, CLSA issued a research report saying. Its DPS increased by 6% YoY, and the new business value hiked by 29%, in line with expectations.

The contract service margin (CSM) slightly declined YoY, slightly below estimation. Therefore, the broker slightly raised its forecasts for PING AN, and kept its target price/ rating for PING AN's H-shares at $71/ Outperform.

Related News Citi: Ping An Insurance (02318.HK) Last Year's Results Met Expectations, TP at HKD85.5

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