Ping An of China will announce the results for the first three quarters on the 21st of this month. UBS predicts that Ping An's operating profit after tax for the first three quarters of China will increase by 5% year-on-year, which means a 20% year-on-year increase in the third quarter. The strong reversal of China's Ping An quarterly results was mainly driven by a steady improvement in financial insurance underwriting performance and a reduction in depreciation pressure in part of asset management. The bank also predicts that Ping An's net profit after tax for the first three quarters is expected to rise 40% year-on-year, which means an increase of 1.7 times year-on-year in the third quarter, benefiting from a strong rebound in the stock market and one-time profits from the technology sector. The bank expects Ping An of China to benefit less from the rise in the stock market than its peers, based on the inclusion of 47% of its shares and equity funds in other comprehensive income categories at fair value, and the company's non-insurance business. The bank anticipates that Ping An China's after-tax operating profit growth in the fourth quarter will accelerate, and the beneficiary asset management department will continue to recover; the Group's after-tax operating profit for the whole year will increase by 10%, and the annual dividend is expected to be 2.44 yuan per share, which is equivalent to a 5.6% dividend rate based on the price of Ping An H shares of China. The bank gave it a “buy” rating for H shares, with a target price of HK$59.

Ping An of China will announce the results for the first three quarters on the 21st of this month. UBS predicts that Ping An's operating profit after tax for the first three quarters of China will increase by 5% year-on-year, which means a 20% year-on-year increase in the third quarter. The strong reversal of China's Ping An quarterly results was mainly driven by a steady improvement in financial insurance underwriting performance and a reduction in depreciation pressure in part of asset management. The bank also predicts that Ping An's net profit after tax for the first three quarters is expected to rise 40% year-on-year, which means an increase of 1.7 times year-on-year in the third quarter, benefiting from a strong rebound in the stock market and one-time profits from the technology sector. The bank expects Ping An of China to benefit less from the rise in the stock market than its peers, based on the inclusion of 47% of its shares and equity funds in other comprehensive income categories at fair value, and the company's non-insurance business. The bank anticipates that Ping An China's after-tax operating profit growth in the fourth quarter will accelerate, and the beneficiary asset management department will continue to recover; the Group's after-tax operating profit for the whole year will increase by 10%, and the annual dividend is expected to be 2.44 yuan per share, which is equivalent to a 5.6% dividend rate based on the price of Ping An H shares of China. The bank gave it a “buy” rating for H shares, with a target price of HK$59.