Guolonghui, August 30th | Bocom Intl's research report stated that China Taiping (0966.HK) had a 15.4% year-on-year increase in attributable net profit in the first half of the year, and the profit performance of its major businesses had all improved. In the second half of this year and next year, the company will increase the sales of dividend insurance policies. The bank expects that the group's new business value will increase by 50% year-on-year. The bank stated that due to the low base in the second half of 2023, it is expected that the profit will increase by more than 40% year-on-year this year, maintaining a “buy” rating and raising the target price to 11.6 Hong Kong dollars.
大行评级丨交银国际：升中国太平目标价至11.6港元 各主要业务盈利改善
Large bank rating 丨 Bocom Intl: Raised target price of China Taiping to HKD 11.6, improvement in profitability of major businesses
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