Lyon issued a report stating that Ping An of China will disclose its third-quarter results after the market closes next Monday. The bank expects its after-tax operating profit to increase 22% year-on-year due to a low base; new business value growth is high by double digits. The bank believes that since the central government announced its support policy, the stock price of Ping An of China has increased by 20%. The bank believes that Ping An of China is an early beneficiary of the real estate relaxation policy and is expected to increase investment returns. The bank maintained its “outperforming the market” rating of Ping An of China, and the target price was raised from HK$48 to HK$58.

Lyon issued a report stating that Ping An of China will disclose its third-quarter results after the market closes next Monday. The bank expects its after-tax operating profit to increase 22% year-on-year due to a low base; new business value growth is high by double digits. The bank believes that since the central government announced its support policy, the stock price of Ping An of China has increased by 20%. The bank believes that Ping An of China is an early beneficiary of the real estate relaxation policy and is expected to increase investment returns. The bank maintained its “outperforming the market” rating of Ping An of China, and the target price was raised from HK$48 to HK$58.