Morgan Stanley released a research report raisings its 2025-2027 operating profit per share forecasts for PING AN (02318.HK) +0.150 (+0.287%) Short selling $379.93M; Ratio 21.258% by 1.9%/ 0.4%/ 0.6% respectively, based on its interim results, and its new business value forecasts by 3.8%/ 3.9%/ 1.3% each, reflecting improvements in the new business value margin. Therefore, the broker added its target price from $69 to $70, equivalent to a projected 2025 PB ratio of 1.2x, with rating kept at Overweight.Related NewsM Stanley Modestly Lifts PING AN's TP to HKD70, Rating OverweightMorgan Stanley expected PING AN to enter a late-stage de-risking phase. As the Chinese real estate market and risk cycle gradually bottomed out, its core life insurance business may achieve high-quality growth through a stable agency force, increased agent productivity and lower-than-peers' liability costs.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-26 16:25.)