Bank of America Securities: Raises target price for Ping An Insurance (02318.HK) to 67.5 Hong Kong dollars. Strong investment income in the last quarter drives net profit exceeding expectations.

According to the Zhitong Finance and Economics APP, Bank of America Securities released a research report stating that based on higher investment income assumptions, the profit forecast for China Ping An (02318.HK) in 2025 has been raised by 26%, and the profit forecast for 2026 to 2027 has been raised by 4% to 5%. The target price for H shares has been raised by 4% to 67.5 Hong Kong dollars from 64.8 Hong Kong dollars, and the target price for A shares of China Ping An (601318.SH) has been raised from 62.7 Chinese yuan to 65.2 Chinese yuan. The bank reiterated its "buy" rating for Ping An H shares.