BOCOM International Raises China Taiping TP to HKD26.5; Explosive Growth in Last Year Results
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BOCOM International has raised its target price for China Taipingto HKD26.5, reflecting a significant 220.9% year-on-year increase in net profit attributable to shareholders for 2025. The firm anticipates steady growth in the insurance business, with the value of new business projected to reach HKD10.6 billion in 2026. The broker maintains a Buy rating, citing improvements in operational quality and efficiency, alongside a decline in the combined ratio from 98.8% in 2025 to around 98.2% in 2026. The company's share price has risen approximately 14% since 2026.
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