CMBC International: Raised target price of Ping An Insurance (02318.HK) to HK$75, third-quarter profit exceeds expectations.

According to the Securities Times APP, Citi International released a research report stating that considering the improvement of investment income, the reduction of negative effects from asset management business, and the enhanced synergies within the group, they have raised their earnings per share forecasts for China Ping An (02318.HK) for 2025 to 2027 by 9%, 4%, and 5% respectively, to 8 yuan, 8.3 yuan, and 9.2 yuan. They have also raised the target price from 71 Hong Kong dollars to 75 Hong Kong dollars, reiterating a "buy" rating.