[ET Net News Agency, 7 December 2018] Nomura lifted its target price for Ping An
Insurance (02318) to HK$104.52 from HK$93.84 and maintained its "buy" rating.
The research house said Ping An may adopt diversified product strategy. 1Q 2019 FYP
growth could be negative, but full-year FYP growth is expected to be positive at 8% on
more balanced quarterly business distribution for 2019.
With business shifting from short-term savings to protection products, Nomura expects
FY2019 NBV to grow 16%, as a result of margin expansion. P&C should keep the good momentum
of faster growth and better quality than peers. Hence, it expects a premium growth of 15%,
with a stable COR of 96% for FY2019. (KL)
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02318 PING AN
Nominal 
33.200 +0.200 (+0.606%) Others
07/12/2018 09:42
[I-bank focus]Nomura lifts Ping An (02318) to HK$104.52
| Remark: | Real time quote last updated: 24/04/2024 09:35 |
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