Damo: Raise the target price of Zhongan Online (06060) slightly to HK$14.6 to maintain the “gain” rating

The Zhitong Finance App learned that Morgan Stanley released a report stating that it slightly raised the target price of Zhongan Online (06060) from HK$14.5 to HK$14.6, maintaining an “increase” rating. At the same time, the bank raised its shareholders' net profit forecast for each year from 2026 to 2028 by 14.5%, 2.6%, and 6.6%, respectively; the net asset forecast remained largely unchanged, and the revised forecast range from 2026 to 2028 was less than 1%. According to the bank, due to business optimization, Zhongan Online's premium growth or decline to a low single digit in 2026 is expected, but the quality of the business is still healthy, with a comprehensive cost ratio of about 96%.