BPPINAN@EC2611A

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

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

Inner Mongolia Financial Supervision Bureau Pushes Insurance Coverage for New Employment Groups; PICC and Ping An Launch Special Products

Ping An Property & Casualty Insurance Guangdong Branch's Mei Ling Team Transforms to Internet Marketing

Ping An Life Raises Stake in Agricultural Bank H Shares to 21%

CMBI Releases Q1 Earnings Forecast and Future Outlook for Ping An

Ping An Securities Launches Perpetual Subordinated Bond Offering for 2026

Wealth Management Firms Upgrade Redemption Services to Boost Competitiveness

Ping An Sees Significant Growth in New Business Value in 2025 with Strong Performances in Life and Property Insurance

PING AN FY2026 Q1 Earning Release on April 28 Pre-Market BJT

Guo Jie Leaves State-Owned Enterprise for Ping An Life and Achieves Success in 27 Years

Zeng Mengjiao's Journey from Insurance Newcomer to Senior Agent

CN CULTURE GP

APEX ACE HLDG

AI ENERGY E RTS

MOST KWAI CHUNG

LIFE CONCEPTS

KFM KINGDOM

HP LIVING TECH

EG LEASING

NEW SILKROAD

KPM HOLDING

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PNGAY

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Morgan Stanley reported that PING ANdelivered solid 1Q26 results, with a 7.6% YoY increase in post-tax operating profit, surpassing forecasts of 4-5% growth. However, net profit fell 7.4% YoY, aligning with expectations. The firm maintains an Overweight rating and a target price of HKD89, reiterating PING AN as a top sector pick. Short selling data indicates a ratio of 17.291% with $287.36M shorted. The report emphasizes PING AN's strong balance sheet, supporting a mid-term valuation re-rating.

AASTOCKS News

Ping An

Ping An Insurance

PING AN

Morgan Stanley

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

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M Stanley: PING AN  1Q26 Results Solid, Reiterate as Sector Top Pick

PING ANreported a 1Q26 net profit of RMB25 billion, down 7% YoY but slightly above BofA Securities' forecast of a 10% decline. Operating profit rose 8% YoY, and value of new business increased by 21%. First-year premiums surged by 46%, although the new business value margin fell to 23.5%. BofA Securities deemed the results solid given the weak market and maintained a Buy rating with a target price of $74, expecting improved investment returns in 2Q26.

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

BofAS: PING AN  Delivers Solid Overall Results; 1Q NP Slightly Beats

JPMorgan's research report indicates that PING ANhas alleviated market concerns with its 1Q26 results, showing a 21% YoY increase in new business value (RMB15.6 billion) and a 7.6% YoY rise in core profit (RMB40.8 billion). Despite previous underperformance due to bancassurance growth concerns, the bank is positively surprised by life insurance sales and product margins. JPM maintains an Overweight rating with a target price of HKD90, citing reasonable valuation at 7x projected fiscal 2027 PE and a 6% dividend yield.

JPMorgan Chase

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

JPM: PING AN  1Q26 Core Profit Growth Eases Market Concerns, Maintains Overweight

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On April 29th, during intraday trading, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index, Hang Seng Tech Index, and the China Enterprises Index rising approximately 1.3%, 1.4%, and 1.5% respectively. In terms of sectors, domestic insurance stocks performed prominently, with Ping An rising over 5%, China Life and AIA following suit. Institutions indicated that the attention of public funds on the financial sector increased in the first quarter; the new energy vehicle and lithium battery industry chains saw widespread gains, with Tianqi Lithium rising over 5%, and Ganfeng Lithium, BYD Company, and Li Auto rising nearly 4%. Energy stocks were boosted by rising international oil prices and news of the UAE's exit from OPEC, with Yanzhou Coal Mining rising nearly 6% and PetroChina rising nearly 2%. New stock Smartmi Technology surged approximately 286% on its first day of listing, with active trading. However, the semiconductor sector fell against the trend, with HUA HONG SEMI dropping over 7% and SMIC falling nearly 1.4%, mainly affected by the overnight sharp decline in U.S. chip stocks and concerns over AI investment returns. In terms of trading volume, the top three were the Tracker Fund of Hong Kong, Alibaba, and Tencent Holdings, with BYD Company, HUA HONG SEMI, and Ping An each exceeding HKD 1.5 billion in trading volume

Market Pulse

HUA HONG SEMI

Hang Seng Index

Hang Seng TECH Index

Hang Seng China Enterprises Index

OpenAI

NASDAQ Composite Index

CHINA LIFE

CHINA RES LAND

INDUSTRIAL SECURITIES

TIANQI LITHIUM

GANFENGLITHIUM

Ganfeng Lithium

BYD COMPANY

LI AUTO-W

Li Auto

GEELY AUTO

SMIC

NVIDIA

Broadcom

SUNMI TECH-W

YANKUANG ENERGY

PETROCHINA

HSBC HOLDINGS

TRACKER FUND

BABA-W

Alibaba

TENCENT

XIAOMI-W

CATL

YOFC

China Life

AIA-R

AIA Group

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

Hua Hong

SMIC HK SDR 5to1

NVIDIA Corporation

PetroCN HK SDR 1to2

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

CATL HK SDR 30to1

Hong Kong Stock Market Update | Hang Seng Index rises over 1%, domestic insurance and new energy vehicles lead the gains, while semiconductor stocks decline against the trend

PING ANshares rose 4.6% after reporting 1Q26 results that beat expectations. Total revenue fell 7.1% YoY to RMB238.477 billion, while operating profit increased 7.6% YoY to RMB40.78 billion. Net profit declined 7.4% YoY to RMB25.022 billion, slightly better than forecasts. Brokers BofAS and M Stanley maintained positive ratings, citing resilience in earnings and expectations for improved investment returns. JPM noted concerns over bancassurance growth were addressed, maintaining an Overweight rating. PING AN's stock is currently trading at HKD62.8 with a turnover of HKD773 million.

PING AN  Extends Early Gains to 4.6% as Brokers Say Results Beat Expectations

Ping An Insurance (Group) Company of China, Ltd. reported a 7.6% year-on-year growth in operating profit attributable to shareholders, reaching RMB40,780 million in Q1 2026. Total assets exceeded RMB14 trillion, and the equity attributable to shareholders rose by 1.8% to RMB1,018,310 million. The Life & Health segment saw a 20.8% increase in new business value, totaling RMB15,574 million, with first-year premiums up 45.5%. The company continues to enhance its integrated finance and health strategy, improving customer engagement and retention rates across its services.

prnewswire

07:45 ETPing An Reports Steady 7.6% Growth in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2026, Life & Health NBV Increases 20.8% YoY

PING AN-0.850 (-1.396%) Short selling $287.36M; Ratio 17.291% announced its 1Q26 results for the period ended 31 March 2026. Total revenue amounted to RMB238.477 billion, down 7.1% YoY. Operating profit was RMB40.78 billion, up 7.6% YoY. Net profit was RMB25.022 billion, down 7.4% YoY, with a basic EPS of RMB1.43.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 16:25.)

PING AN 1Q NP Drops 7.4% to RMB25.022B; Operating Profit Hikes 7.6%

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A study warns that medical claims paid by Hong Kong insurers could double in a decade, raising sustainability concerns. Claims rose over 60% from 2019 to 2023, driven by inpatient bills, particularly for day procedures. Total reimbursements reached HK$17.73 billion in 2023. Industry leaders urge prudent claims filing to avoid premium increases, while suggesting a review of the Voluntary Health Insurance Scheme's regulatory framework to address rising costs. The ageing population complicates efforts to reverse the trend, prompting calls for stakeholder discussions on managing growth in medical claims.

SCMP

Hong Kong insurers’ health at risk as medical claims could double in decade

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Ping An Insurance Company of China has announced the release of its banking subsidiary, Ping An Bank's Q1 2026 financial report, available on both the Shenzhen and Shanghai Stock Exchanges. The board affirmed the accuracy of the announcement, emphasizing regulatory compliance and transparency with shareholders. The latest analyst rating for Ping An Insurance (HK:2318) is a Buy, with a price target of HK$86.00. Ping An Insurance is a major financial services conglomerate in China, focusing on insurance, banking, and financial services.

Tip Ranks

Ping An Insurance Flags Release of Ping An Bank’s Q1 2026 Results

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CICC forecasts a 19% YoY decline in net profit for Chinese insurers in 1Q26 due to equity market volatility, while life insurance new business value (NBV) is expected to rise 13% YoY. The report highlights individual company projections, with China Life and Ping An Insurance showing strong growth in bancassurance. Combined ratios for major property insurers are improving, but premium growth faces short-term challenges. Overall, operating profit remains resilient, benefiting from recent stabilization in liabilities.

CICC

CHINA TAIPING

CPIC

SUNSHINE INS

PICC P&C

PICC GROUP

PICC Group

CICC Expects CN Insurers' 1Q26 Net Profit to Fall 19% YoY on Equity Market Impact; New Business Value Trend Remains Solid

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Ping An Healthcare reported a strong Q1 2026, with revenue of RMB1.16 billion (up 9.1% YoY) and net profit more than doubling to RMB79.1 million. The growth is attributed to better integration with Ping An Group's insurance business and expansion in corporate health management, with over 7,500 corporate clients. The company enhanced its service system, including AI-driven health services, and improved medical service quality. Analysts rate the stock as a Hold with a price target of HK$12.40.

PA GOODDOCTOR

E Fund CSI 300 Health Care ETF

ChinaAMC SSE Health Care ETF Initiating Fund

ALPS Medical Breakthrough

VG Health

Health Care Select Sector SPDR

iShares US Healthcare Providers

China Universal 800 Health Care ETF

SPDR S&P Health

Ping An Healthcare Delivers Strong Q1 2026 Profit Growth on Insurance Synergy and AI-Driven Health Services

Ping An Insurance (Group) Company of China, Ltd. has released its 2025 Sustainability Report, introducing the "SIMPLE" framework aimed at long-term value creation. The framework focuses on six pillars: Sustainable growth, Inclusive finance, Risk mitigation, Talent empowerment, Low-carbon operations, and Intelligent technology. Key achievements include over RMB 10.88 trillion in funding for the real economy, significant growth in sustainable insurance premiums, and advancements in green finance. Ping An has received high ESG ratings, reflecting its commitment to sustainability and professional expertise in delivering value to stakeholders.

03:08 ETPing An Releases 2025 Sustainability Report, Unveils "SIMPLE" Framework to Drive Long-Term Value Creation

Bought some at HK35 and HK44 few months back. Hope to see HK70 soon. Bullish trending still in play.Merry Christmas. Santa Clause Rally.

Kenji

Dividend Collector

PIng An HK$70 target on its way…now trading at 66.20$PING AN(02318.HK)

Ping An Ins HK SDR2to1

The Hang Seng Index opened higher, refreshing its nearly four-year high; Tencent's performance exceeded expectations, receiving collective bullish calls from major banks; Chip stocks strengthened on the logic of domestic substitution, with SMIC leading the gains; Ping An's stake increase in China Taiping H-shares ignited the insurance sector; Cryptocurrency concept stocks surged as Bitcoin hit a new high; In the pharmaceutical sector, Jingtai Holdings reported its first profit, rising over 11%, while East Buy saw a sudden 12% increase.

Life and Health Insurance

REMEGEN

RemeGen

WUXI BIO

WuXi Biologics

BEONE MEDICINES

BeOne Medicines

Beigene

FI2 CSOP HSI

INNOCARE

InnoCare Pharma

GRANDSHORES

AKESO

HORIZONROBOT-W

Hot Trades in Hong Kong Stocks (8.14) | Hang Seng Index Hits Four-Year High at Opening, Morgan Stanley Says Foreign Capital Accelerated Inflows into Chinese Stock Market in July

BPPINAN@EC2611A(28616.HK)

M Stanley: PING AN 1Q26 Results Solid, Reiterate as Sector Top Pick

BofAS: PING AN Delivers Solid Overall Results; 1Q NP Slightly Beats

JPM: PING AN 1Q26 Core Profit Growth Eases Market Concerns, Maintains Overweight

Hong Kong Stock Market Update | Hang Seng Index rises over 1%, domestic insurance and new energy vehicles lead the gains, while semiconductor stocks decline against the trend

PING AN Extends Early Gains to 4.6% as Brokers Say Results Beat Expectations