0966 (0966) Fair Value & Analysis

Financial Services · Market cap HK$64.8B

0 0966 0966 · HK

PriceHK$18.02

Fair ValueHK$36.04

Upside+100.0%

Quality60/100

Evidence: High Range HK$27.03 – HK$45.05

Fair value as of: Jul 2, 2026

From 23 valuation models · updated today

Share price −9.3% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$13.82 – HK$25.66 · fair‑value band HK$27.03 – HK$45.05 · the HK$18.02 price screens below the HK$36.04 fair value. As of Jul 2, 2026.

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Analysis

0966 (0966) currently trades at HK$18.02, while our model-based Fair Value estimate is HK$36.04 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 60/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, 0966 generated revenue of HK$133B at a net margin of 20.4%. Revenue grew 36.4% year over year. It earns a return on equity of 25.5%. Net debt stands at HK$140B. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$133B

Revenue growth (YoY) +36.4%

Net margin 20.4%

Return on equity 25.5%

Free cash flow HK$151B FY2025

P/E ratio 2.5

More key figures

Operating margin 33.5%

EPS (TTM) HK$1.74

Dividend yield 6.6%

EPS growth (YoY) +939%

Net debt HK$140B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

0966 reported revenue of HK$179B in FY2025 versus HK$319B in FY2021, a compound −13.5%/yr. Reported net income was HK$27.1B in FY2025, compounding +37.8%/yr from FY2021.

Revenue −13.5%/yr

FY21 HK$319B

FY22 HK$159B

FY23 HK$106B

FY24 HK$121B

FY25 HK$179B

Net income +37.8%/yr

FY21 HK$7.5B

FY22 HK$4.3B

FY23 HK$5.4B

FY24 HK$8.4B

FY25 HK$27.1B

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Similar stocks

6 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
Ping An Insurance (Group) Company 601318	¥51.98	¥103.96	+100%
China Life Insurance Company 601628	¥36.89	¥73.78	+100%
AIA Group AAGIY	$37.91	$30.44	-20%
Manulife Financial Corporation MFC	$40.34	$76.10	+89%
0945 0945	HK$317.40	HK$248.94	-22%
China Pacific Insurance (Group) Co CHPXF	$3.65	$5.65	+55%

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Frequently asked questions

Is 0966 (0966) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$36.04 versus a price of HK$18.02 — about +100% (undervalued). Model-based estimate, not financial advice.

What is the fair value of 0966?

Our model-based fair value for 0966 is HK$36.04 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$18.02.

What is the quality score of 0966?

0966 has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 0966 (0966)?

0966 reported trailing-twelve-month revenue of about HK$133B (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 0966?

The net profit margin of 0966 is about 20.4%, meaning it keeps roughly 20.4% of revenue as net income. Based on the latest reported figures.

Does 0966 pay a dividend?

0966 currently shows a dividend yield of about 6.64% relative to its recent price (as of Jul 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.