Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
06060 ZA ONLINE
RTNominal down12.500 -0.220 (-1.730%)
Research Report

28/01/2021 17:15

{I-bank focus}Daiwa lifts ZA Online (06060) to HK$53

[ET Net News Agency, 28 January 2021] Daiwa Research lifted its target price for
ZhongAn Online P&C Insurance (06060) to HK$53 from HK$45 and reiterated its "outperform"
rating.
Despite ZhongAn's 2020 CoR (combined ratio) likely being slightly over 100% due to its
commission hike from Ant Group, the research house still expects a sound set of results
and a possible profit alert to be announced shortly.
Daiwa forecast ZhongAn to see a 6-month underwriting profit for the first time in 2H
2020, with CoR at around 97%. This was aided by (1) health insurance CoR, especially claim
ratio, which has been under control, (2) credit insurance, which has been seeing better
claim trends due to strong digital-driven risk management, (3) lower claims in
travel-related businesses due to fewer flight cancellations, and (4) economies of scale
which dilute its relatively high fixed costs, such as rent and IT.
Daiwa lifted its 2020-22 net profit forecasts by 34-60%, due to likely strong investment
income in 2H 2020 and rising technology service fee income. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.