ZhongAn Online's performance improves, target price raised to HKD 24, technology subsidiary applies for virtual asset license.

[Coin World] According to research reports, ZhongAn Online's underwriting profit further improved in the first half of the year, with a premium rise of 9.3% in line with expectations, driven by medical and auto insurance. The group holds an 8.6% stake in ZhongAn Technology RD Tech, which is one of the first institutions in Hong Kong to apply for a virtual asset issuance license, and is expected to receive approval by the end of 2025. The report believes that ZhongAn Bank ( ZA Bank ) is likely to achieve breakeven by 2025, laying the foundation for a potential initial public offering. Based on the potential growth space of the stablecoin business, the report raised ZhongAn Online's target price from HKD 20 to HKD 24, maintaining a "buy" rating.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
ILCollectorvip
· 07-27 10:18
Place a large order in the front row.
View OriginalReply0
ApeWithNoFearvip
· 07-27 05:13
Don't say anything, just do it. Pay more attention to the positions.
View OriginalReply0
AirdropHunter007vip
· 07-24 10:50
Let's get started, enter a position in the front row.
View OriginalReply0
ValidatorVibesvip
· 07-24 10:46
bullish on this stablecoin play... governance potential looks solid tbh
Reply0
bridge_anxietyvip
· 07-24 10:46
stablecoin business bullish
View OriginalReply0
NullWhisperervip
· 07-24 10:41
hmm... crypto license = potential attack surface
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)