HUPINAN@EC2612A

Ping An Life Insurance Increases Stake in Agricultural Bank to 22.07%

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

RONGZUN INT’L H

WANDA HOTEL DEV

CENTRALCHINA MT

HAIZHI TECH GP

HENGDELI

TOMO HOLDINGS

CH NETCOMTECH

ASIA PIONEER

HAITIAN ANTENNA

HP LIVING TECH

PNGAY

601318

02628

02318

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

02601

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

00HSI

HKXCY

002594

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

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.

SMIC

SMIC HK SDR 5to1

CHINA TAIPING

SUNSHINE INS

Life and Health Insurance

REMEGEN

RemeGen

WUXI BIO

WuXi Biologics

BEONE MEDICINES

BeOne Medicines

Beigene

FI2 CSOP HSI

HUA HONG SEMI

Hua Hong

INNOCARE

InnoCare Pharma

GRANDSHORES

AKESO

HORIZONROBOT-W

ZA ONLINE

BITFIRE GROUP

GUOTAI JUNAN I

XTALPI

Life Sciences Tools and Services

XL2CSOPHSTECH

Semiconductors

FL2 CSOP HSI

LINEKONG

INNOVENT BIO

OKG TECH

Interactive Media and Services

CSOP HS TECH

XI2CSOPHSTECH

EAST BUY

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

On July 11, the three major stock indices in Hong Kong rose together. In terms of sectors, technology stocks rose collectively, and securities and brokerage stocks mostly increased.

LAOPU GOLD

POP MART

MIXUE GROUP

GUMING

WUXI APPTEC

WuXi AppTec

LIANLIAN

OSL GROUP

HENGRUI PHARMA

Hengrui Pharma

MAO GEPING

BLOKS

CITIC SEC

CITIC Securities Co., Ltd.

EB SECURITIES

EBSCN

CHICMAX

XIAOMI-W

Xiaomi HK SDR 2to1

Xiaomi Corporation

CHINA EB LTD

LINKLOGIS-W

CICC

Circle

The Hang Seng Index is approaching its highest level in nearly 3 years, with Chinese brokerage, insurance, and stablecoin concept stocks remaining hot!

$SMIC(00981.HK)$SMIC(688981.SH)$PING AN(02318.HK)$Ping An(601318.SH)Hong Kong stocks are being arbitraged like crazy😂

$MIDEA GROUP(00300.HK)$Midea Group(000333.SZ)The discount is too small, only 20% to 26%. The profit-making effect of new stocks in Hong Kong is very low now, and the fundraising is particularly large.Bearish bias.For comparison, the AH discounts of Ping An Insurance and China Mobile are both lower.

Midea Group

MIDEA GROUP

HUPINAN@EC2612A(29015.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