CLSA: Ping An's Post-Tax Operating Profit Rises 10% in 2023, Exceeding Expectations

Stock News
03/27

Ping An Insurance (Group) Company Of China, Ltd. reported a 10% increase in post-tax operating profit for the previous year, which surpassed market expectations. The company's dividend per share grew by 6% year-over-year, while its new business value rose by 29%, aligning with forecasts. CLSA has made minor upward adjustments to its projections for Ping An and maintains a target price of HK$71 for its H-shares. The firm reaffirmed its "Outperform" rating on the stock.

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