Goldman Sachs has released a research report indicating that it expects the stock price of Ping An (02318) to react positively to its first-quarter results. The performance reflects resilient operating profit, strong growth in the new business value of life insurance, and improved underwriting results in property and casualty insurance. The net profit during the period exceeded the market consensus compiled by the company and aligned with the bank's full-year forecast. Goldman Sachs maintains a "Buy" rating on Ping An with a target price of HK$75.