Ping An Insurance (Group) Co. of China Ltd Class A
601318: XSHG (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥59.00 | Tqyl | Zcnjdpxdn |
Ping An Insurance’s Results Reflect Continuous Challenges in Life Insurance
We lowered our fair value estimates for Ping An Insurance to HKD 86 from HKD 95 for the H-share and to CNY 72 from CNY 80 for the A-share following its 2021 results which reflected continuous challenges in the life insurance business.