Bank of America Securities: Maintains a "buy" rating on Ping An Insurance (02318) with a target price of 74 Hong Kong dollars.

16:25 27/03/2026

Bank of America Securities expects that CSM has the opportunity to achieve positive growth for the first time in 2026, and stable CSM releases will be key to supporting core revenue growth for insurance companies.

Bank of America Securities released a research report stating that it maintains a "buy" rating on Ping An Insurance (02318, 601318.SH) with unchanged target prices of HK$74 and RMB 71.7. Ping An Insurance's performance last year was stable, with after-tax operating profit (OPAT) increasing by 10% to RMB 134.4 billion. New business value (VNB) increased by 29% year-on-year, with VNB profit margin rising from 18.5% to 23.4%. The bank stated that with the improvement of the group's new business contract service margin (CSM), it is expected that CSM will achieve positive growth for the first time in 2026, and stable CSM releases will be key to supporting core income growth for the insurance company.

CHARMACY PHAR (02289): Wong Wai Ling resigns as Joint Company Secretary.

SWANGCHAICHUAN (02321) announced its annual performance, with a net profit of 33.238 million ringgit, an increase of 18.44% year-on-year.

SUNWAY INT'L (00058) announces annual financial results, with a net loss attributable to shareholders of HK$40.208 million, a decrease of 28.36% year-on-year.

CHARMACY PHAR (02289): Wong Wai Ling resigns as Joint Company Secretary.

SWANGCHAICHUAN (02321) announced its annual performance, with a net profit of 33.238 million ringgit, an increase of 18.44% year-on-year.

SUNWAY INT'L (00058) announces annual financial results, with a net loss attributable to shareholders of HK$40.208 million, a decrease of 28.36% year-on-year.