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06060 ZA ONLINE
RTNominal down47.650 -0.600 (-1.244%)
Research Report

21/01/2021 14:47

{I-bank focus}Daiwa upgrades ZA Online (06060) to HK$45

[ET Net News Agency, 21 January 2021] Daiwa Research raised its target price for
ZhongAn Online P&C Insurance (06060) to HK$45 from HK$40 and upgraded its rating to
"outperform" from "hold".
The research house sees ZA Online among the contenders building InsurTech solutions for
insurance and Internet platforms. Daiwa said the rising demand for digitisation in the
insurance industry calls for a specialised professional SaaS provider that can build the
digital infrastructures for their business transformation.
It believes ZA Online's weak share price since September 2020 has factored in near-term
headwinds such as rising customer acquisition costs and moderating health insurance
premium growth. Daiwa lifted its 2020-22 net profit forecasts by 7-246%, due to likely
strong investment income in 2H20 and rising technology service fee
income. (KL)

Remark: Real time quote last updated: 12/04/2021 12:46
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