CGSI cuts target for Ping An stock from HKD 78.00 to HKD 71.00

Published on 10/23/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CGSI cut its Ping An target from HKD 78.00 to HKD 71.00 on October 22, 2026. Ping An stock costs EUR 5.59 on October 23, 2026.

Targets, results and trading date

On October 22, 2026, CGS International Securities cut its Ping An target from HKD 78.00 to HKD 71.00.
For the first half of 2026, operating revenue reached RMB 575.138 billion and net profit attributable to shareholders was RMB 92.585 billion.
Ping An stock was trading at EUR 5.59 at 9:42 a.m. CEST at Lang & Schwarz on October 23, 2026.
Ping An plans to publish third-quarter 2026 results on October 28, 2026.

Ping An, CNE1000003X6, Illustration mit AI erstellt.

Ping An Insurance (Group) Company of China, Ltd. (CNE1000003X6) saw CGS International Securities cut its target from HKD 78.00 to HKD 71.00 on October 22, 2026, according to Insurance Asia. The brokerage kept its Add recommendation while forecasting a 44.00 percent year-on-year decline in third-quarter new business value.

Target cut reflects weaker growth

CGS International Securities previously expected new business value to fall 27.00 percent year on year in the third quarter of 2026. Its revised view also reduced the 2026 to 2028 net profit forecasts by 9.80 percent to 13.90 percent, while the broker cited weaker premium growth and higher expected effective tax rates.

The counter-factor is the group investment portfolio. The brokerage expects dividends from Hong Kong-listed bank investments to contribute 20.00 percent of group operating profit after tax in the third quarter of 2026, compared with 12.00 percent a year earlier, while lower asset management impairment losses could support second-half earnings.

Three dates frame the story

On August 20, 2026, Ping An released interim results showing operating revenue of RMB 575.138 billion for the first half of 2026, up 15.00 percent year on year, and net profit attributable to shareholders of RMB 92.585 billion, up 36.10 percent, according to iMedia. On October 20, 2026, the company announced the planned publication of its third-quarter results on October 28, 2026. On October 22, 2026, CGS International Securities lowered its target to HKD 71.00 from HKD 78.00.

What comes next for investors?

The next scheduled milestones are close together. Ping An set October 23, 2026, as the deadline for investor questions and October 28, 2026, as the date for publishing third-quarter results and holding an online briefing, according to Moomoo. The upcoming report will test whether stronger bank-investment income can offset pressure on insurance new business.

Stock quote before the results

Ping An stock was trading at EUR 5.59 at Lang & Schwarz on October 23, 2026, at 9:42 a.m. CEST in the pre-market phase. The finance quote for 2318.HK showed a market capitalization of HKD 887.3 billion and a 52-week range of HKD 48.34 to HKD 74.70 as of October 23, 2026.

At Lang & Schwarz, Ping An was trading at EUR 5.59 on October 23, 2026, at 9:42 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ping An stock.