Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
06060 ZA ONLINE
RTNominal down12.500 -0.220 (-1.730%)
Research Report

07/07/2020 14:54

{I-bank focus}JP Morgan raises ZA Online (06060) to HK$50

[ET Net News Agency, 7 July 2020] J.P. Morgan raised its target price for ZhongAn
Online P&C Insurance (06060) to HK$50 from HK$36 but downgraded its rating to "neutral"
from "overweight".
The research house said the stock has rallied by 101% since the end of May. JPM believes
the current stock price factors in (1) a receding credit risk outlook in consumer finance
(i.e., improving risk-reward on B/S); (2) expectations of a faster scale-up in the health
& lifestyle consumption business, deemed to be capital-light, small-premium and
short-policy-duration; and (3) strong business development in technology, including the
Hong Kong SAR new virtual bank and virtual insurance entities.
Following the company's 1H positive profit alert, JPM does not expect additional
catalysts until interim results are reported in August. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.