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The post-pandemic era is offering new investment opportunities as we enter into 2021. |
Huize listed on Nasdaq in Feb 2020, with a price of US$10.50 per American Depositary Share (ADS). Photo: CapitalWatch
Recently, the AMTD Group, Asia's largest independent investment bank, initiated coverage on Huize with a “BUY” rating.
AMTD is optimistic about Huize, a next-generation online insurance service provider focusing on long-term health insurance, and it’s clear growth potential. Huize (NASDAQ: HUIZ) currently has a market value of USD$385 million.
More than that, many other well-known brokerages have published research reports on Huize since the beginning of 2020.
So as a small-cap company, how has Huize stood out to become the leader of the pack?
Widely known as "China's first listed insurance platform", Huize has been deeply involved in the insurance industry with a proven track record of operations of more than 14 years. And while Huize has traditionally kept a low profile, it has steadily grown and achieved outstanding performance, even while the market was grappling with the fallout from the pandemic.
In the company’s third quarter, Huize achieved a record RMB779 million in total gross written premiums, representing an increase of 41.2% compared with the same period last year.
Meanwhile, its total operating revenue in the third quarter increased by 22.9% year-on-year to RMB348 million, once again exceeding the high end of its guidance range.
It is without question that Huize has outdone itself while outperforming in the industry at the same time.
Here are some analysts' pointers:
• Evolving to the next-generation, initiate a “BUY” rating with a target price of USD$10.70.
• Initiate Huize at “BUY” rating with a target price of USD$10.60.
• Initial coverage with a “BUY” rating and a target price of USD$11.47. |
