Added to YB: 2026-08-18
Pitch date: 2026-08-15
6060.HK [bullish]
ZhongAn Online P & C Insurance Co., Ltd.
+1.81%
current return
Author Info
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Company Info
ZhongAn Online P & C Insurance Co., Ltd., an Internet-based Insurtech company, provides internet insurance and insurance information technology services in the People’s Republic of China.
Market Cap
HKD 15.3B
Pitch Price
HKD 10.50
Price Target
22.00 (+106%)
Dividend
N/A
EV/EBITDA
10.61
P/E
12.96
EV/Sales
0.59
Sector
Insurance
Category
value
ZhongAn Online (6060.HK): The Insurtech Everyone Gave Up On
6060.HK: China's first online-only P&C insurer at 0.57x book, ~90% below IPO high. 5 straight yrs underwriting profit, CR 95.8%, adj profit RMB1.8bn (+198%). Health +22.7%, ZA Bank now profitable (worth 40%+ of mkt cap). Fair PE 21, target HK$22 vs HK$9.50 = ~32%/yr over 3yrs. Q1'26 shock was investment-noise, not underwriting. Catalyst: Aug 25 interim + possible first dividend. Risks: HK/China risk, stablecoin narrative collapse, dilution, investment income dependence.
Read full article (15 min)