Morgan Stanley has released a report indicating a slight upward revision to the target price for ZA ONLINE (06060), adjusting it from HK$14.5 to HK$14.6, while maintaining an "Overweight" rating on the stock.

Concurrently, the firm has raised its net profit forecasts for shareholders for the years 2026 through 2028 by 14.5%, 2.6%, and 6.6% respectively. Projections for net assets remain largely unchanged, with revisions for the 2026-2028 period all coming in at less than 1%.

According to the report, due to business optimization efforts, ZA ONLINE's premium growth is anticipated to decelerate to low single digits in 2026. Nevertheless, the quality of its business is expected to remain sound, with a projected combined ratio of approximately 96%.