Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02318 PING AN
RTNominal up36.900 +1.150 (+3.217%)
Research Report

05/08/2020 10:57

{I-bank focus}Nomura lowers Ping An (0203018) to HK$109.6

[ET Net News Agency, 5 August 2020] Nomura cut its target price for Ping An Insurance
(0203018) to HK$109.6 from HK$110.15 and maintained its "buy" rating.
The research house expects NBV (new business value) to decrease by 23% for 1H, implying
a 22% slump in 2Q. Ping An Life's business growth fell behind peers during COVID-19,
reflecting (1) the urgency to transit the life business to an online platform, which is
the major part of its ongoing reform, and (2) insufficient tech support for the life
business.
Nomura expects Ping An to return to positive growth starting FY2021 after the completion
of the reform. Meanwhile, it expects NBV to increase by 7% for 2H. Thus, Nomura cut FY2020
NBV by 4%, implying NBV growth of -9% for FY2020. (KL)

Remark: Real time quote last updated: 19/09/2024 10:47
  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.