Richard Xu, an analyst from Morgan Stanley, maintained the Buy rating on Ping An Insurance Company of China. The associated price target is HK$70.00.
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Richard Xu has given his Buy rating due to a combination of factors that indicate strong financial performance for Ping An Insurance Company of China. The company is expected to show significant earnings growth, with net profit projected to increase by 31% year-over-year in the third quarter of 2025. This growth is primarily driven by a substantial rise in Life earnings, despite some negative accounting adjustments in other segments.
Additionally, the company’s operating profit after tax (OPAT) is anticipated to have accelerated, reflecting fewer net losses in the asset management segment. The property and casualty business is also expected to maintain a healthy combined ratio, indicating operational efficiency. These positive financial indicators, coupled with improved value of new business and higher first-year premium growth, support the Buy rating for Ping An Insurance Company of China.
According to TipRanks, Xu is ranked #4738 out of 10036 analysts.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a HK$58.00 price target.