0329 GMT - Ping An Insurance's new business value outlook seems robust, say its bulls at DBS Group Research. The Chinese insurer's nine-month new business value surged 46% on year, beating expectations thanks to its bancassurance partnerships and agency channels. The insurer's integrated finance, health and insurance ecosystem creates new opportunities across customers' financial life cycles, the analysts write in a note. The group is also expanding its bancassurance partnerships beyond Ping An Bank, they note. Meanwhile, Ping An Insurance's around 5% dividend yield remains attractive, the analysts add. DBS retains its buy rating and HK$69.00 target price on its Hong Kong shares, which rise 2.85% to HK$57.75. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 29, 2025 23:29 ET (03:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.