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<Research>UBS Expects New Policies in Mainland Insurance Sector to Boost Sentiment; Top Pick PING AN w/ $70 TP
Recommend 30 Positive 40 Negative 19 |
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The insurance sector in Mainland China recently strengthened due to the National Financial Regulatory Administration (NFRA)'s issuance of the "Notice on Adjusting Risk Factors for Relevant Business of Insurance Companies", which reinforces policies encouraging long-term patient capital and helps boost market sentiment, UBS research report indicated. Furthermore, UBS foresaw that some insurers already achieved their annual targets, thus shifting focus to preparing for next year's jumpstart sales. Despite ongoing macro uncertainties, the demand for savings remains strong. UBS reaffirmed PING AN (02318.HK) as its sector top pick, giving it a Buy rating with a target price of HK$70, thanks to its attractive risk/ reward, due to the group's strong growth acceleration of group OPAT in 4Q25, and relatively high expected dividend yields of 4.9% and 5.1% for 2025 and 2026, respectively, with a clear dividend policy. AASTOCKS Financial News Website: www.aastocks.com |
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