0235 GMT - Huize Holding's 4Q 2024 earnings may be "relatively lukewarm," according to management's guidance, UOB Kay Hian's Kenny Lim Yong Hui says in a research report. Management notes some demand for savings-type products has been front-loaded into 3Q and clients could take time to accept transition from traditional savings products toward participating products. However, management also continues to see robust sales momentum in Hong Kong through December, which could partially offset weakness in the insurance platform's mainland China business, the analyst adds. The brokerage maintains the American depositary shares' buy rating but trims the target price to US$7.00 from US$7.50 based on an ADS conversion ratio change. ADS were last quoted at US$3.23. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 01, 2025 21:35 ET (02:35 GMT)
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