Citigroup upgraded ZhongAn Online's rating to "buy" and significantly raised the company's target price to HK$24.
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最新报道：According to Bijie.com, Citigroup published a research report on July 31st, stating that ZhongAn Online (06060.HK) is expected to see a ninefold increase in first-half profit to RMB 531 million, with underwriting profit expected to double to RMB 568 million, thanks to improved underwriting and increased efficiency. The bank stated that ZhongAn Online's various deployments within the Hong Kong stablecoin ecosystem offer growth potential. Taking into account the more optimistic earnings outlook, the appreciation of the RMB, and the potential valuation boost from the company's deployments within the Hong Kong stablecoin value chain, the bank raised its earnings forecasts for the company by 11%, 12%, and 11% for fiscal years 2025 to 2027, respectively. It also significantly raised its target price from HK$12.7 to HK$24, and upgraded its rating from Neutral (High Risk) to Buy. (Jinshi Data App)
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