[ET Net News Agency, 18 October 2021] Nomura lowered its target price for ZA Online
(06060) to HK$34.01 from HK$38.8 and maintained its "neutral" rating.
The research house said despite the pressure on business growth, it expects the recent
regulatory measures should help insurers curb the high acquisition cost currently being
paid to the internet platforms (including the previous technology service fees), which
should be positive for the company's business margin. (RC)