星展发布研报称，众安在线旗下健康产品增长重新加速，将会导致公司今年下半年强劲的保费增长和综合成本率改善，预测其综合成本率会显著按半年改善，至今明两年分别97.5%及97.3%。该行预计，随近期A股反弹和投资组合的精简，投资收益前景将显著改善。该行上调对众安在线今明两年的盈利预测分别18%及13%，将目标价由18港元升至21.2港元，重申评级“买入”。Za Online (06060) rose more than 6%, as of the time of publication, up 6.11% to HK$15.62, with a turnover of 95.1884 million Hong Kong dollars.
According to the Securities Times app, Za Online (06060) rose more than 6%, up 6.11% to HK$15.62 as of the time of publication, with a turnover of 95.1884 million Hong Kong dollars.
On the news front, Za Online previously announced that the total amount of original insurance premiums received by the company from January 1, 2024 to September 30, 2024 was approximately 25.496 billion yuan, a year-on-year increase of 10.93%. In addition, as of September 30, 2024, the company's actual capital was 18.976 billion yuan; core capital was 18.341 billion yuan; the comprehensive solvency adequacy ratio was 224.69%; and the core solvency adequacy ratio was 217.17%. The insurance business income for the third quarter ending in September was approximately 10.26 billion yuan, with a net income of approximately 0.467 billion yuan.
DBS Research released a research report stating that Za Online's health products are experiencing renewed growth, which will lead to strong premium growth and improvement in combined ratio in the second half of this year. It is forecasted that the combined ratio will significantly improve by half a year to 97.5% and 97.3% respectively over the next two years. The bank expects that with the recent rebound in A-shares and the streamlining of investment portfolios, investment income prospects will significantly improve. The bank has raised its profit forecasts for Za Online for the next two years by 18% and 13% respectively, raising the target price from HK$18 to HK$21.2, and reiterating a "buy" rating.
