UBS Group: Rates Ping An Insurance as 'buy', expects third-quarter post-tax operating profit to increase by 20% year-on-year.
Ubs Group released a report stating that benefiting from the continuous recovery of the asset management department, it is expected that Ping An Insurance (02318) will accelerate the growth of its after-tax operating profit in the fourth quarter, and the group's after-tax operating profit for the whole year is expected to increase by 10% year-on-year. The estimated annual dividend is 2.44 yuan per share. Calculated based on the price of Ping An Insurance listed in Hong Kong, this is equivalent to a dividend yield of 5.6%. The stock rating is set to "buy" for its listed in Hong Kong shares, with a target price of 59 Hong Kong dollars. It is reported that Ping An Insurance will announce its first three quarter results on the 21st of this month. Ubs Group predicts that Ping An Insurance's after-tax operating profit for the first three quarters will increase by 5% year-on-year, meaning a 20% increase quarter-on-quarter in the third quarter. The bank stated that Ping An Insurance's quarterly performance is strong
UBS Group: Raised target price of cnbm to 3.2 Hong Kong dollars, expecting quarterly profit improvement in the third quarter.
UBS Group issued a research report stating that based on CNBM (03323) issuing a profit warning, they adjusted their profit forecast for the company. The earnings per share forecast for each year from this year to 2026 are adjusted to 14 cents, 28 cents, and 39 cents respectively. The valuation basis is extended to 2025, calculated at a predicted P/B ratio of 0.23 times, and the target price is raised from 3.1 Hong Kong dollars to 3.2 Hong Kong dollars with a "Neutral" rating. Previously, CNBM issued a profit warning, expecting a loss of approximately 0.7 billion yuan in the first three quarters due to a drop in commodity prices. UBS Group estimates that the company's loss in the first half of the year is 2.018 billion yuan, turning to a profit of 1.318 billion yuan in the third quarter.
UBS Group includes Kuaishou-W as the featured stock of the month with a target price of 76.70 Hong Kong dollars.
Recently, UBS Group has included Kuaishou-W (01024) in its latest research report into the monthly recommended stocks list, giving it a target price of HK$76.70 for the next 12 months, with a potential upside of up to 51%. This rating reflects UBS Group's positive expectations for Kuaishou's future performance, as well as recognition of the company's current market position and development potential. UBS's research report points out that in September, although it will take some time to restore consumer confidence, with a series of macroeconomic policies being implemented, the industry has shown clear signs of recovery. Under the impetus of a series of government stimuli and subsidy measures, it is believed that macro consumer
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