Ping An Healthcare & Technology's Outlook Appears to be Bright -- Market Talk

Dow Jones10-16

0220 GMT - Ping An Healthcare & Technology's outlook for its strategic businesses and senior care services appears to be bright, UOB Kay Hian analysts say in a research report as they raise the stock's target price to HK$17.00 from HK$15.00 with an unchanged buy rating. Based on recent meeting with investors, the online healthcare service provider sees room to further penetrate Ping An Group's huge customer base for its strategic businesses, the analysts note. Also, the Chinese company continues to build closer collaboration with Ping An for its integrated finance business, while it's optimistic on the growth outlook of its senior care services segment, the analysts add. The company is an integral part of Ping An's managed care services system and flagship platform of the group's healthcare ecosystem. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 15, 2024 22:20 ET (02:20 GMT)

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