"Big Banks" Citigroup: Ping An is confident in sales growth for the first quarter of next year

AASTOCKS
2025.11.14 06:40

Citi published a research report stating that Ping An (02318.HK) management is confident about sales growth in the first quarter of next year. The bank maintains a target price of HKD 68 and a "Buy" rating for Ping An.

The report cites Ping An management as saying that the demand for insurance savings is strong, and Ping An will capture opportunities through savings products. Over the past five quarters, the productivity of agents has continued to grow, which will drive the growth of new business value. Additionally, the company has increased banking channels among non-Ping An Bank (000001.SZ) partners and strengthened the banking channel personnel after integrating with the private banking team

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