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<Research>M Stanley Prefers PING AN, CHINA LIFE; Both Rated Overweight
Recommend 48 Positive 76 Negative 38 |
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Several Chinese insurers have announced their 1H25 results, conveying positive messages such as early shifts in reserve liabilities, enhanced balance sheet control, increased interim dividends, improved solvency capital, and strong performance in both life and non-life insurance operations, Morgan Stanley wrote in its research report. With the price levels of Chinese insurers corresponding to a forecasted P/E ratio of about 7 times for 2026 after a rebound this year, Morgan Stanley estimated around a 4% dividend yield. It also forecasted the market to lift its earnings and dividend expectations for Chinese insurers amid a better risk-reward situation. Upbeat about CHINA LIFE (02628.HK) and PING AN (02318.HK), Morgan Stanley anticipated them to deliver favorable 3Q25 results. Their target prices were set at HKD31 and HKD80, respectively. Both were rated as Overweight. AAStocks Financial News |
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