Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: Insurers' Jumpstart Sales Strong; Impact from Product Pricing Rate Cut on PING AN Limited
Recommend 5 Positive 9 Negative 5 |
||||
|
||||
|
Chinese insurers have experienced strong jumpstart sales so far this year, positioning them favorably to capture deposit transfer opportunities, UBS said in its research report. Given relatively attractive dividend policy yields, still-low risk appetite, and growing retirement demand and inheritance plans, UBS believes the bancassurance channel naturally benefits from these opportunities. Although the product pricing rate was reduced last August, the cumulative impact on PING AN (02318.HK)'s profitability has been limited, as the company has shifted towards dividend policy products with low interest rate sensitivity. UBS has given PING AN a Buy rating and a target price of HKD88. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
