Digital lifestyle leading growth; ZA Bank and technology export breakeven on track

M N 28 Mar 2024 CMB International Global Markets | Equity Research | Company Update ZhongAn (6060 HK) Digital lifestyle leading growth; ZA Bank and technology export breakeven on track ZhongAn reported FY23 results with net profit attributable to shareholders turning Target Price HK$22.00 positive to RMB4.1bn, from a net loss of RMB1.1bn in 2022. Excluding the one- (Previous TP HK$33.80) off gain on disposal of ZA International at RMB3.78bn, the insurer recorded RMB Up/Downside 73.0% 294mn net profit, in li ...