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RTNominal down26.600 -0.650 (-2.385%)

04/12/2019 16:06

{I-bank focus}ZA Online's sales seen to pick up from 2H

[ET Net News Agency, 4 December 2019] J.P. Morgan said it spent last week at roadshows
with ZhongAn Online P&C Insurance (06060) in Seoul.
The research house cited management saying that health insurance is likely to rise to
become the largest segment in FY2019 from 25% of total premiums in FY2018 and would
replace consumer finance.
The company's overall top-line growth is expected to pick up from 2H following the
product mix reshuffle and growth would be maintained at above industry-average levels in
the mid to long term.
JPM retained its Overweight rating on ZhongAn Online, with a target price of HK$32. (KL)

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