UBS Group expects Ping An's (02318.HK) new business value in the first quarter to increase by 20% year-on-year, with an attractive valuation.

Ping An (02318.HK) rose in the afternoon session, last trading at HKD 63.2, up 2.5%. UBS Group issued a report stating that Ping An (02318.HK) will announce its first-quarter results for this year on April 28. The report estimates that the group’s post-tax operating profit will increase by 5% year-on-year, driven primarily by life insurance, asset management, and banking operations. The post-tax operating profit of the life insurance segment shows an improving trend compared to previous years, due to (1) the marginal Contract Service Margin (CSM) of new business benefiting from more stable interest rates, and (2) the continued expansion of insurance asset management scale. Meanwhile, CITIC Securities (06030.HK) reported preliminary first-quarter post-tax profits, reflecting a 55% year-on-year increase, which bodes well for Ping An.

AASTOCKSApr 14 15:42

China Merchants Securities: Significant mismatch between fundamentals and valuation highlights attractive cost-performance ratio for the brokerage sector.

The current sector valuation and fundamentals are severely mismatched, highlighting the cost-effectiveness of strategic allocation. Low-valuation stocks with outstanding performance are recommended.

Zhitong FinanceApr 14 13:45

CITIC Securities: The steel industry's tiered management enters the implementation phase, maintaining an 'Outperform' rating for the sector.

On April 3, 2026, the Ministry of Industry and Information Technology officially announced the first batch of enterprises that comply with the 'Steel Industry Norms (2025 Edition)'. The high-quality development of the steel industry has entered the operational phase of 'tiered evaluation - list publication - resource aggregation'.

Zhitong FinanceApr 14 08:42 · Ratings

Hong Kong Stock Market Concept Tracker | Investment Pressure Points Continue to Ease, Brokerage Sector Bottom Gradually Consolidating (With Key Stocks)

CSC Financial: The current valuation of the securities sector is at a historical low, with further potential for upward movement.

Zhitong FinanceApr 14 07:47

Let the "results" speak! A-share "top performers submit their report cards," with a group of individual stocks reporting net profit growth exceeding 10 times.

Cailian Press reported on April 13 (edited by Zhou Ying) that as of April, A-share listed companies have entered a dense period for earnings verification. The market has shifted from the “speculative expectations” mode at the beginning of the year to the “earnings-focused” mode. Subtle changes are occurring in capital preferences: the热度 of thematic speculation is cooling down, while targets with strong earnings certainty continue to attract attention. As of April 13, 87 A-share listed companies have disclosed their Q1 2026 earnings forecasts, among which 75 reported positive forecasts, representing a high positive forecast rate of 86.2%. From an industry perspective, companies showing explosive earnings growth are highly concentrated in three core sectors: the AI industrial chain, non-ferrous metals, and energy storage.

cls.cnApr 13 21:14

Differentiation in securities firms' asset management businesses intensified in 2025: leading firms reaped substantial profits while Southwest, Hualin, and Hongta Securities saw their net fee income fall below 20 million yuan, experiencing double-digit de

Overall, the asset management business of listed securities firms in 2025 exhibited a pattern of 'concentration at the top and pressure at the bottom,' with the industry's Matthew Effect becoming further intensified.

lanjinger.comApr 13 20:46