Lates News

UBS research report pointed out that China Taiping's net profit for the first half of the year increased by 11% year on year, exceeding market expectations of 2% to 9% growth; operating surplus increased by 7.1%, slightly higher than UBS's forecast of 6% growth. The growth in new business value in the first half of the year increased by 32% year on year, in line with expectations. In terms of comparable basis, the growth of Taiping's new business value slowed down in the second quarter, UBS attributed this to the slowdown in first-year premium growth on a quarterly basis, but performance remains strong. In response to the recent rise in China Taiping's stock price, UBS raised its intrinsic value forecast for 2025 by 5% and raised its target price from HK$37 to HK$41, with a "Buy" rating.