BofA Securities raises its target price for Ping An Insurance (02318.HK) to 64.9 Hong Kong dollars, expecting stable growth in annual dividends and reiterating a "buy" rating.

The Zhitong Finance and Economics APP learned that Bank of America Securities released a research report stating that it is expected that China Ping An (02318.HK) will increase its annual after-tax operating profit by 4%, driving stable growth in annual dividends; profit forecast for 2025 to 2027 will be raised by 4%, and the target price will be raised by 4%, with the H-share target price increasing from the original 62.4 Hong Kong dollars to 64.9 Hong Kong dollars, reaffirming a "buy" rating.