The Zhitong Finance App learned that Nomura released a research report stating that it gave China Taiping (00966) a “buy” rating, with a target price of HK$10.78. The company's new business value, net profit, and earnings per share all reached double-digit growth in 2023. The value of the new business increased by 28% year on year, higher than the bank's forecast of 13%; net profit increased 44% per year to HK$6.2 billion, with net assets of HK$79 billion, slightly higher than the bank's forecast. Dividends per share increased by 15% per share to HK$0.3 per year in 2023, reflecting a dividend ratio of 4.6%.