|Day's Range||56.900 - 58.500|
|52 Week Range||35.950 - 59.600|
|PE Ratio (TTM)||14.71|
|Dividend & Yield||0.11 (1.46%)|
|1y Target Est||N/A|
Credit Suisse has raised its price target on Chinese insurer Ping An (2318.HK) to HKD68 a share from HKD63 a share. The broker, which rates the stock an outperform, lifted the price target after raising its forecasts for growth in the value of new business (VNB) - which measures the present value of a contract's premiums - to 38% from 31% given the insurer's strong first half sales and on expectations of margin expansion. Here's why Credit Suisse is so upbeat: With disciplined product approach in 1H17, VNB margins should be maintained at a decent level.
Though fund managers say bets against insurer may go wrong
Traders who think they’ve found China’s next big short could be setting themselves up for a squeeze.