Zhongtong Finance APP learned that UBS released a research report stating that it gave a "buy" rating to Ping An Insurance (02318) with a target price of HKD 56. It is expected that the post-tax operating surplus (OPAT) will moderately increase YoY in the second quarter of this year, and the group's OPAT is estimated to be roughly the same YoY in the first half of this year. At the same time, it is expected that the medium-term dividend will remain stable YoY, because insurance companies tend to link dividends with OPAT growth.

The bank stated that it expects the group's net profit after tax to increase by 7% YoY in the first half of this year, which means that it will increase by more than 20% in the second quarter. In the second half of this year, it is expected that the group's OPAT will have a strong rebound driven by the recovery of the asset management sector, and the group's OPAT is expected to increase by about 10% by 2024. It is expected that the group's new business value will increase by 11% YoY in the first half of this year.