Gate News bot news, Zhuhai International published a research report indicating that with the Hong Kong stablecoin regulations coming into effect this year, the first batch of companies participating in the HKMA stablecoin issuer sandbox is expected to become the main beneficiaries of the flow of virtual assets in Hong Kong, bringing opportunities for performance rise to related companies.
In terms of insurance, the bank believes that the revenue growth brought by strong medical and auto premiums, as well as the improvement in CoR, will consolidate the profit structure. The bank has raised the earnings per share forecast for ZhongAn Online for the fiscal years 2025 to 2027 to 0.69, 0.79, and 0.93 RMB respectively, and has increased the target price from 16 HKD to 20.4 HKD, maintaining a “buy” rating.
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CMB International: Raises the target price of ZhongAn Online to HKD 20.4, with the stablecoin outlook providing room for valuation reassessment.
Gate News bot news, Zhuhai International published a research report indicating that with the Hong Kong stablecoin regulations coming into effect this year, the first batch of companies participating in the HKMA stablecoin issuer sandbox is expected to become the main beneficiaries of the flow of virtual assets in Hong Kong, bringing opportunities for performance rise to related companies.
In terms of insurance, the bank believes that the revenue growth brought by strong medical and auto premiums, as well as the improvement in CoR, will consolidate the profit structure. The bank has raised the earnings per share forecast for ZhongAn Online for the fiscal years 2025 to 2027 to 0.69, 0.79, and 0.93 RMB respectively, and has increased the target price from 16 HKD to 20.4 HKD, maintaining a “buy” rating.
Source: Jinshi