Goldman Sachs has released a research report indicating that it expects the stock price of Ping An (02318) to react positively to its first-quarter results. The performance reflects resilient operating profit, strong growth in the new business value of life insurance, and improved underwriting results in property and casualty insurance. The net profit during the period exceeded the market consensus compiled by the company and aligned with the bank's full-year forecast. Goldman Sachs maintains a "Buy" rating on Ping An with a target price of HK$75.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments