UOB Kay Hian Cuts Ping An Healthcare and Technology TP to HKD14.5; 1Q26 Results Solid

AASTOCKS News
2026.04.24 02:33
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UOB Kay Hian has cut the target price for Ping An Healthcare and Technologyfrom HKD17.5 to HKD14.5, despite reporting solid 1Q26 results with a 9.1% YoY revenue increase and a 45.8% YoY rise in adjusted net profit. The firm anticipates conservative mid-single-digit revenue growth in 2026, adjusting its forecast to 5.4% YoY. However, it projects a CAGR of 14% for revenue and 42% for adjusted net profit from 2026 to 2028, driven by corporate health management. The broker maintains a Buy rating.