On June 7th, Guolong reported that Morgan Stanley released a research report that positively affects the Hong Kong and mainland insurance industry in the next 6 to 12 months. Under the new valuation model of IFRS9/17, it raised the target price of most life insurance companies and adjusted income and overall profit forecasts, and adjusted the industry view to be attractive. The bank currently believes that the property risk and interest rate pressure of the insurance industry is easing, and business quality is improving, which is expected to support healthy growth of new business value. Ping An Insurance is listed as the industry's first choice because the company is more focused on developing high-quality core businesses, with sustained risk reduction, and maintains its 'shareholding' rating with a target price of HKD 66. In addition, Morgan Stanley also raised China Life Insurance's target price from HKD 12.4 to HKD 15.8, Taiping Insurance's target price from HKD 19 to HKD 27.3, New China Life Insurance's target price from HKD 70.6 to HKD 14.6, and China Taiping Insurance's target price from HKD 8.7 to HKD 9.2.
大行评级｜大摩：上调大多数寿险公司的目标价 将行业看法调整为具有吸引力
Credit rating of major banks｜DBS: Raised target price for most life insurance companies and revised industry outlook to attractive.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.