[ET Net News Agency, 23 April 2021] Daiwa lowered its target price for Ping An (02318)
to HK$90 from HK$92 and maintained its "hold" rating.
The research house said it lowers its 2021-22E OPAT and net profit by 2-4% due to weaker
residual margin releases, headwinds in operating variances, and likely further impairments
from CFLD. (RC)