[ET Net News Agency, 3 May 2021] HSBC Global Research lowered its target price for Ping
An (02318) to HK$106 from HK$120 and maintained its "buy" rating.
The research house said while it understands the industrial logic of further investment
in health assets and restructuring potential, this appears to be a move into more capital
intensive activities that may require further investment, it is difficult to analyse the
financial impact of the proposed investment and it raises national service risks concerns.
(RC)