UBS raises ZhongAn Online's target price to HK$22.3 to reflect its long-term stablecoin/cryptocurrency opportunities
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最新报道：According to a report by Bijie.com, UBS released a research report stating that ZhongAn Online's net profit after tax in the first half of the year increased by 11 times year-on-year to RMB 668 million, reaching 68% of the market's full-year profit forecast. The comprehensive cost rate improved by 2.3 percentage points to 95.6% compared with the same period last year, which may be better than market expectations. The banking business has escaped losses. Therefore, the target price of ZhongAn Online was raised from HK$13.1 to HK$22.3 to reflect long-term stablecoin/cryptocurrency opportunities, favorable policies in the stock market, and rolling valuations.
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