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CN Insurers Boom After Midday; PING AN Surges 6% After Joining M Stanley's Focus List
Recommend 45 Positive 55 Negative 22 |
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Chinese insurers thrived after midday. CHINA TAIPING (00966.HK) soared by 7%. PING AN (02318.HK) surged by 6%. CPIC (02601.HK) swelled by 6.24%. CHINA LIFE (02628.HK) rose by 4.93%. Morgan Stanley said in its report that it now has a more positive outlook on PING AN, believing it can seize key opportunities in wealth management, healthcare, and elderly care services. The broker also picked up on diminishing investor concerns, which are paving the way toward revaluation. Morgan Stanley has kept PING AN as its top pick and added it to its China/ Hong Kong focus list. AAStocks Financial News |
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