CMB International keeps HKD 81 target for Ping An stock

Published on 10/27/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CMB International expects weaker third-quarter profit on October 26, 2026. Ping An stock costs EUR 5.57 on October 27, 2026, with an HKD 81 target.

Profit outlook before quarterly results

CMB International kept its HKD 81 target for Ping An on October 26, 2026.
Interim operating revenue reached RMB 575.138 billion in the first half of 2026.
Ping An stock trades at EUR 5.57 at 9:14 a.m. CEST at Lang & Schwarz on October 27, 2026.

Ping An, CNE1000003X6, Illustration mit AI erstellt.

Ping An (CNE1000003X6) was trading at EUR 5.57 at Lang & Schwarz at 9:14 a.m. CEST on October 27, 2026. The immediate catalyst is a CMB International forecast for a weaker third-quarter profit ahead of the company's results.

According to AASTOCKS on October 26, 2026, CMB International expects Ping An's third-quarter net profit to reach a year-to-date low. The bank kept its Buy rating and unchanged targets of HKD 81 for the Hong Kong-listed shares and RMB 73 for the mainland shares.

Profit pressure meets operating resilience

CMB International forecasts group operating profit to rise 8.10 percent year over year in the first nine months of 2026, compared with 8.30 percent growth in the first half. It also expects nine-month net profit to decline 29.00 percent year over year, following a 36.00 percent increase in the first half.

The report links the expected profit pressure to weakness in the A-share market during the third quarter. It forecasts a property and casualty combined ratio of 96.50 percent for the first nine months, an improvement of 0.50 percentage points year over year.

What does the target mean?

The HKD 81 target keeps the analyst case focused on operating profit rather than near-term net profit. The estimate also includes a 14.00 percent year-over-year decline in new business value for the first nine months, with full-year growth reduced to 4.00 percent.

Three events frame the results

On August 20, 2026, Ping An reported interim operating revenue of RMB 575.138 billion, up 15.00 percent year over year, while net profit attributable to shareholders reached RMB 92.585 billion, up 36.10 percent, according to iMedia. On October 23, 2026, Juyuan Research maintained an HKD 81 target and forecast 8.10 percent operating-profit growth for the first nine months. On October 26, 2026, CMB International retained its HKD 81 target while forecasting a 29.00 percent decline in nine-month net profit.

Two dates matter next

MarketScreener lists October 28, 2026, as the third-quarter earnings release date. Barron's lists March 18, 2027, for the fiscal-year 2026 results.

Stock trades before the report

On the Hong Kong Stock Exchange, Ping An was last quoted at HKD 48.52 at 3:59 p.m. HKT on October 27, 2026. Its 52-week range was HKD 48.28 to HKD 74.70, giving investors a wide valuation backdrop for the upcoming results. Ping An's first-half figures provide support, while the nine-month profit estimate is the key counterweight.

Ping An was trading at EUR 5.57 at Lang & Schwarz on October 27, 2026 at 9:14 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ping An stock.