Ping An's full-year performance was largely in line with expectations, according to a research report from Goldman Sachs, which anticipates a moderate reaction in the share price. The group's operating profit (OPAT) for the fourth quarter increased by 35% year-on-year. For the full year, operating profit rose by 10% to RMB 134.4 billion, matching the firm's projections. Goldman Sachs maintains a "Buy" rating on both the A-shares and H-shares of Ping An. The price target for the A-shares is set at RMB 76, while the H-shares have a target price of HKD 74.
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