Daiwa: Optimistic view on China Ping An (02318) with significant growth potential, target price raised to HKD 89.

According to the Securities Times APP, Morgan Stanley released a research report stating that their views on China Ping An (02318, 601318.SH) have become more positive. They believe that the group can seize key opportunities in the wealth management, healthcare, and elderly care services sectors, and see investors' concerns fading away, paving the way for revaluation. They reiterated their "overweight" rating on H shares and A shares, and raised the target price for H shares by 27% to HK$89 and for A shares by 21% to RMB 85.