Gate News bot, CMB International published a research report that with the Hong Kong Stablecoin Ordinance coming into effect this year, it is believed that the first batch of companies participating in the HKMA's stablecoin issuer sandbox will become the main beneficiaries of Hong Kong's virtual asset capital flows, and bring opportunities for related companies to increase their performance. On the insurance side, the bank believes that revenue growth from strong medical and motor premiums, as well as improved CoR, will strengthen the profit structure. The bank raised ZA Online's EPS estimates for FY2025-27 to RMB0.69, RMB0.79 and RMB0.93, respectively, and raised its target price to HK$20.4 from HK$16, maintaining a "buy" rating.