CIPINAN@EC2705A

China Ping An Life Insurance Increases Holdings in China Life

CMBI Releases Analysis Report on Ping An's Q1 2026 Earnings

Wang Xin's First Year at Ping An Trust Sees Significant Net Profit Growth

China Ping An Insurance Increases Stake in Agricultural Bank

Ping An Digital Bank Announces 2025 Annual Performance

Morgan Stanley Raises Ping An's Target Price to HKD 92

Ping An Trust Reports 38% YoY Net Profit Growth in 2025

CMB International Securities Maintains Buy Rating for Ping An with a Target Price of HKD 86.00

CLSA Raises Rating and Target Price for Ping An

Goldman Sachs Maintains Buy Rating on Ping An's Earnings Report

Morgan Stanley Maintains Overweight Rating on Ping An

JPMorgan Report: Ping An's New Business Value Surges 21% in Q1

China Ping An Announces Q1 Financial Performance with Total Assets Exceeding 14 Trillion RMB

Ping An Announces 7.4% YoY Drop in Q1 2026 Net Profit

Significant Growth in Dividend Insurance Sales via Banking Channels

Ping An Insurance Reports Q1 Operating Profit of 40.78 Billion Yuan

PING AN released FY2026 Q1 earnings on April 28 Pre-Market (BJT), actual revenue HKD 241.02 B, actual EPS HKD 1.4171

China Ping An Life Plans to Lease Over 100,000 Square Feet of Office Space at IGC

Ping An Life Insurance Hosts Summit to Promote 'Service+' Strategy

China Ping An Successfully Implements Global Emergency Rescue Services

SOMERLEY CAP

CPM GROUP

NICHE-TECH SEMI

TIANLI HOLDINGS

FUTONG TECH

SINO ICT

COSMOS MACH

UBOT HOLDING

AHSAY BACKUP

GW TIANDI

PNGAY

601318

02628

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BofAS reported that Chinese insurers' 1QYY results were solid despite stock market volatility affecting investment income. CHINA LIFE saw a 32% YoY decline in net profit, while NCI posted an unexpected 11% profit increase. PING AN and CPIC delivered stable results. BofAS believes the market has absorbed weak profit factors and investors will focus on long-term growth. Their top picks are PING AN and CHINA LIFE, with target prices of HKD74 and HKD33.1, respectively, both rated as Buy.

AASTOCKS News

Ping An Insurance

Ping An

CHINA LIFE

PING AN

China Life

CPIC

PING AN-R

BofAS: 1QYY Results of Chinese Insurers Solid; Top Picks PING AN , CHINA LIFE

CMBI has maintained a Buy rating on PING ANfollowing its steady 1Q26 results. Operating profit rose 7.6% YoY to RMB40.8 billion, surpassing estimates, while net profit after tax declined 7.4% YoY to RMB25 billion, slightly above expectations. The group's net asset value increased by 1.8%. Management aims for double-digit growth in new business value in 2026, with expectations of 17% to 19% growth. CMBI set a target price of HKD86 for H shares and RMB75 for A shares.

CMBI Maintains Buy on PING AN ; 1Q26 Results Steady

M Stanley's report indicates that 1Q earnings of Chinese insurers met expectations, with strong performance in life and property insurance. Market concerns are seen as priced in, and a rebound in the stock market since April suggests potential for improved 2Q results. PING AN is highlighted as the top pick due to solid fundamentals, while CHINA LIFE, AIA, and PICC P&C are expected to show long-term value. The outlook for Chinese insurers appears positive with anticipated profit growth in April and stable interest rates.

Morgan Stanley

PICC P&C

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

AIA-R

AIA Group

M Stanley: 1Q Earnings of Chinese Insurers In Line; Top Pick PING AN

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HSBC Research has raised the target price (TP) for China Pacific Insurance Company (CPIC) to HKD44 while maintaining a Buy rating. The report highlights a 9.6% YoY increase in new business value for CPIC in 1Q26, although it lags behind China Ping An's 21% growth. Despite a decline in first-year premiums and a 1.1% drop in net profit when excluding one-off items, CPIC's operating profit rose 3.6% YoY. HSBC remains optimistic about CPIC's value-driven growth strategy, forecasting a 30% increase in earnings for the year.

HSBC HOLDINGS

HSBC

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC Research Raises CPIC  TP to HKD44, Maintains Buy

CMBI's report indicates that PING ANachieved a 1Q26 operating profit (OPAT) of RMB40.8 billion, a 7.6% YoY increase, surpassing estimates. Despite a 7.4% YoY decline in net profit to RMB25 billion due to market volatility, results were slightly better than expected. The life insurance segment saw a 20.8% YoY rise in new business value. CMBI maintains a Buy rating with a target price of HKD86 for PING AN H shares.

CMBI: PING AN  1Q26 OPAT Slightly Beats; TP HKD86 Reiterate Buy

Morgan Stanley has raised its target price on PING ANto HKD92 from HKD89, maintaining an Overweight rating. The adjustment follows the company's 1Q26 results, with slight increases in operating profit after tax (OPAT) forecasts for 2026-2028 by 0.3% to 0.6%, driven by a more optimistic outlook on the asset management segment. However, forecasts for the value of new business (VNB) were lowered by about 2% due to tighter regulatory supervision. Despite this, growth in the bancassurance channel and life insurance VNB is expected to remain strong.

M Stanley Raises PING AN  TP to HKD92, Rates Overweight

Shenzhen Party Secretary Jin Lei visited Ping An Group and Tencent to discuss their operations and gather feedback on enhancing support for enterprises. He emphasized the need to improve the services sector, promote the 'Artificial Intelligence+' initiative, and strengthen the integration of services and manufacturing. Jin Lei called for a market-oriented business environment to foster corporate development in Shenzhen.

TENCENT

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Shenzhen Party Secretary Jin Lei Visits Ping An Group and Tencent for Research and Corporate Meetings

Bank of America Securities has maintained a Buy rating on Ping An Insurance Company of China (PIAIF) with a price target of HK$74.00, while the stock closed at HK$60.05. The analyst consensus is a Strong Buy with an average price target of HK$80.55, indicating a potential upside of 34.14%. DBS also reiterated a Buy rating with a target of HK$83.50.

Tip Ranks

Bank of America

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Ping An Insurance Company of China (PIAIF) Receives a Buy from Bank of America Securities

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HKXCY

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On futures settlement day, the HSI rose 432 points (1.7%) to close at 26,111, with a total market turnover of HKD258.281 billion. Key companies reported strong quarterly results, including HKEX (+3%), BYD (+4.4%), and Ping An (+6.1%). However, CM Bank (-4.2%) and WH Group (-5.8%) missed expectations. Tech stocks like Tencent and Alibaba also saw gains, while newly listed SUNMI TECH surged 241.1% from its listing price. Overall, the market showed positive momentum driven by strong earnings reports.

Hang Seng Index

Hong Kong Exchanges and Clearing (HKEX)

BYD Company Limited

CM BANK

HKEX

China Merchants Bank

BABA 2x Long Daily ETF - GraniteShares

Ping An CSI Animal Husbandry ETF

KraneShares 2x Long BABA Daily ETF

BYD COMPANY

HSI Rises 432 pts on Futures Settlement Day; HKEX Surges Post-Results; Mainland Insurers and Developers Advance

The Shanghai and Shenzhen markets saw gains, with the Shanghai Composite Index reclaiming 4,100 points, closing at 4,107, up 0.7%. The ChiNext Index surged 2.5%. Notable performers included Ping An of China and BYD Company, which rose 3.1% and 3.9%, respectively. Nonferrous metals and copper foil stocks rallied, with Tongguan Copper Foil hitting the limit-up. However, some banking and chip-related stocks faced declines. The RMB central parity against the USD was set at 6.8608, down 19 bps MoM, while the PBOC injected RMB19.9 billion into the market.

BYD Company

Shanghai & Shenzhen Markets Rise; SHCOMP Reclaims 4,100, ChiNext +2.5%; PING AN OF CHINA  and BYD Company  Advance Post Results; Nonferrous Metals and Copper Foil Stocks Rally in PM

Ping An Insurance's shares rose by 5.25% after reporting a 7.6% increase in operating profit for Q1, reaching 40.78 billion yuan. The stock peaked at 6.2% higher, marking its largest one-day gain since December. Despite a positive outlook on new business value, DBS Group Research analyst Ken Shih noted that market volatility could impact future investment income, leading to a target price reduction from HK$85.00 to HK$83.50. However, with a potential 38% upside and a 5.4% yield, the stock remains a buy recommendation.

MorningStar

DBS Group

Ping An Insurance Shares Climb After 1Q Profit Gain

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At midday close, HSI rose 330 pts (1.3%) to 26,010, while HSTI increased by 52 pts (1.1%) to 4,879. Notable gainers included PING AN (+5.2%), MEITUAN (+3.2%), and several stocks hitting new highs, such as PETROCHINA, KB LAMINATES, and TCL ELECTRONICS. Active stocks also included BABA and TENCENT, with varying short selling ratios. WH GROUP and CM BANK saw declines, with WH GROUP down 6.4%.

- At midday close, the HSI rose 330 points, or 1.3%, to 26,010, while the HSTI and HSCEI also saw gains.  
- Notable heavyweights like PING AN and MEITUAN reported significant increases of 5.2% and 3.2%, respectively, amidst substantial short selling.  
- CALB and REPT BATTERO emerged as top performers with increases of 12.6% and 11.8%, while DALIPAL HLDG experienced the largest decline, falling by 11.3%.

Hang Seng TECH Index

Hang Seng China Enterprises Index

MEITUAN

PETROCHINA

KB LAMINATES

TCL ELECTRONICS

BABA-W

Alibaba

XIAOMI-W

China Construction Bank

WH GROUP

CHINA OVERSEAS

CHINA RES LAND

JD HEALTH

XINYI GLASS

GEELY AUTO

XINYI SOLAR

INNOVENT BIO

CALB

REPT BATTERO

DALIPAL HLDG

DATANG POWER

MOBVISTA

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

PetroCN HK SDR 1to2

BABA-WR

Alibaba HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

WH Group

JD HEALTH-R

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

Datang Power

HSI Up 330 pts; HSTI Up 52 pts; PING AN Up over 5%; MEITUAN Up over 3%; PETROCHINA, KB LAMINATES, TCL ELECTRONICS Hit New Highs

PING ANreported its 1Q26 results, showing a 7.6% YoY increase in operating profit to RMB40.78 billion, while net profit fell 7.4% YoY to RMB25.022 billion. The stock opened 2% higher and peaked at HKD63.75, with a turnover of HKD2.198 billion. Brokers like CLSA and M Stanley maintained positive ratings, with CLSA raising its target price from HKD71 to HKD74. Overall, the results beat expectations, driven by resilient life insurance performance and a conservative investment strategy, despite a decline in net profit due to lower investment income.

Goldman Sachs

JPMorgan Chase

Citigroup

GS Hldg R

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Brokers' Latest Ratings, TPs and Views on PING AN  in One Article

G Sachs maintains a Buy rating on PING ANwith a target price of HKD75. The report highlights a positive reaction to PING AN's 1Q results, showcasing resilient operating profit and strong growth in life insurance. Despite a 7% YoY decline in net profit, it exceeded market expectations. G Sachs raised its earnings forecasts for 2026-2028 by 1% to 4% amid anticipated market conditions. Short selling data indicates a ratio of 17.291% with $287.36M in short selling.

G Sachs Maintains Buy on PING AN  with TP at HKD75

CLSA has raised the target price for PING ANfrom HKD71 to HKD74 following a report indicating a 7.6% YoY growth in 1Q operating profit (OPAT), which slightly exceeded market expectations. However, net profit after tax (NPAT) fell 7.4% YoY. CLSA maintained an Outperform rating, noting the company's resilience amid capital market volatility. The target price for PING AN OF CHINAA shares was also increased from RMB77 to RMB78, with an Outperform rating.

CLSA Raises PING AN  TP to HKD74; 1Q OPAT Slightly Beats

CIPINAN@EC2705A(27862.HK)

BofAS: 1QYY Results of Chinese Insurers Solid; Top Picks PING AN , CHINA LIFE

CMBI Maintains Buy on PING AN ; 1Q26 Results Steady

M Stanley: 1Q Earnings of Chinese Insurers In Line; Top Pick PING AN

HSBC Research Raises CPIC TP to HKD44, Maintains Buy

CMBI: PING AN 1Q26 OPAT Slightly Beats; TP HKD86 Reiterate Buy

M Stanley Raises PING AN TP to HKD92, Rates Overweight

Shenzhen Party Secretary Jin Lei Visits Ping An Group and Tencent for Research and Corporate Meetings

Ping An Insurance Company of China (PIAIF) Receives a Buy from Bank of America Securities

HSI Rises 432 pts on Futures Settlement Day; HKEX Surges Post-Results; Mainland Insurers and Developers Advance

Shanghai & Shenzhen Markets Rise; SHCOMP Reclaims 4,100, ChiNext +2.5%; PING AN OF CHINA and BYD Company Advance Post Results; Nonferrous Metals and Copper Foil Stocks Rally in PM

Ping An Insurance Shares Climb After 1Q Profit Gain

HSI Up 330 pts; HSTI Up 52 pts; PING AN Up over 5%; MEITUAN Up over 3%; PETROCHINA, KB LAMINATES, TCL ELECTRONICS Hit New Highs

Brokers' Latest Ratings, TPs and Views on PING AN in One Article

G Sachs Maintains Buy on PING AN with TP at HKD75

CLSA Raises PING AN TP to HKD74; 1Q OPAT Slightly Beats