ZA ONLINE (06060) saw its shares rise more than 5%. At the time of writing, the stock was up 4.18% to HK$14.2, with a trading volume of HK$86.67 million.
A research report from CICC indicated that, based on premium announcements, ZA ONLINE's premium income for 2025 increased by 6.7% year-on-year to RMB 35.643 billion. The company is projected to achieve a net profit of RMB 1 billion in 2025, marking a year-on-year growth of 65.8%, with a second-half net profit of RMB 330 million. The comprehensive cost ratio (CoR) for property insurance is expected to decrease by 0.1 percentage points year-on-year to 96.8%, while both the technology and banking segments have turned profitable.
The report suggests that the positive trend in the company's core business remains intact. Driven by health insurance and auto insurance operations, ZA ONLINE's premium growth rate in 2026 is anticipated to continue outpacing the industry, with the company well-positioned to maintain healthy underwriting profitability. Additionally, the Hong Kong virtual banking business and ventures into areas such as stablecoins are expected to offer significant upward potential in 2026. Following short-term profit fluctuations, it is recommended to consider buying on dips.
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