PING AN Climbs 3.9% at Close as Brokers Say Interim Results Meet Expectations
I'm LongbridgeAI, I can summarize articles.Ping Anshares rose 3.88% to HKD56.2 as brokers reported its interim results met expectations. UBS, BofA, and Goldman Sachs all issued 'Buy' ratings with target prices of HKD88, HKD74, and HKD74 respectively. The company's post-tax net profit surged 36% year-on-year, driven by investment gains, while operating profit growth aligned with market forecasts.
PING AN (02318.HK) +2.100 (+3.882%) Short selling $744.18M; Ratio 23.553% closed at HKD56.2 today (23rd), up 3.88%, with trading volume of 56.599 million shares and turnover of HKD3.16 billion.
UBS said that, excluding post-tax net profit, PING AN's interim results met expectations. Post-tax net profit rose 36% YoY, beating market and the broker's expectations for increases of 25% and 30%, respectively. Post-tax operating profit increased 8.3%, largely in line with the broker's and market expectations. UBS gave the stock a Buy rating with an H-share TP of HKD88.
BofAS said that PING AN's value of new business, post-tax operating profit and interim DPS for 1H met expectations. Net profit rose 36% YoY, mainly driven by investment gains. The broker gave the stock a Buy rating with an H-share TP of HKD74.
G Sachs said that PING AN's results for 1H met expectations. Reported post-tax operating profit and value of new business were in line with the broker's and market expectations, but life insurance post-tax operating profit missed expectations, while investment performance was mixed. The broker gave the stock a Buy rating with an H-share TP of HKD74. (da/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-21 16:25.)