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<Research>Citi Updates Valuation Model, Cuts PING AN (02318.HK) TP to $55.5
Recommend 25 Positive 37 Negative 22 |
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Citi Research issued a research report updating its valuation model for PING AN (02318.HK) based on 2024 results, and lowering its 2025/ 2026 EPS forecasts for the stock by 1%/ 5%, reflecting lower operating profit after tax forecasts for its banking business. After taking into account exchange rate changes, the broker cut its target price for PING AN to $55.5 from $56, with rating kept at Buy. Citi Research currently listed the stock on the downside catalyst watch list until 4 April. AAStocks Financial News |
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