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Citi Reduces PING AN's TP to HKD82, Rating Buy
2026-04-15 10:45:08
Citi issued a research report updating its forecast model for PING AN (02318.HK). It also lowered its FY26-27 EPS forecasts for the company by 5% and 4%, respectively, while introducing a forecast for FY28.

The broker reduced PING AN's target price from HKD85.5 to HKD82 based on the sum-of-the-parts valuation method. The company was rated as Buy.

Optimistic about PING AN as a pioneer in life insurance reform, Citi said its management has strong execution capability and a forward-looking mindset. The company will likely benefit over the long term from ongoing life insurance reforms and have the lowest sensitivity to the reserve cycle.
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