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<Research>DBS Maintains PING AN (02318.HK) TP at $69, Reiterates Buy Rating
Recommend 38 Positive 51 Negative 15 |
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DBS Group Research recently released a research report on PING AN (02318.HK), which posted a 39.8% YoY upswing in NBV for 1H25. During this period, the new business CSM turned to positive YoY growth. During the period, the P&C combined ratio further improved to 95.2%, down by 2.6 ppts. The operating profit of asset management and financial empowerment businesses accelerated, becoming another highlight. The broker reiterated its Buy rating for PING AN, maintaining the target price at HKD69. AASTOCKS Financial News Website: www.aastocks.com |
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