The Zhitong Finance App learned that Damo released a research report saying that while maintaining the China Ping An (02318) “gain” rating, earnings estimates per share for this year and next were largely unchanged, while operating profit forecasts per share were slightly raised by 0.2% and 0.1%, raising its target price from HK$48 to HK$51. Ping An China's management is confident that the asset management business will return to high-quality growth in the next three years.

The bank pointed out that the company can still maintain stable dividends to ease the concerns of some shareholders; the adequacy ratio of core solvency in the life business is still far above the minimum level of regulation, and the company expects it to reach 111% in the first quarter of this year. The bank believes that some of its core businesses will reach a turning point. If the company's asset management business can be successfully improved, it is expected that this will further support the stock price rebound.