Beginning of a storm
$PING AN(02318.HK$ The price is attractive for sure. But given the huge impact of Evergrande episode, we shd wait for abit more clarity before we pour in more money. Many experts warned that this is equivalent to a Financial Nuclear Bomb in Chinese market, and PingAn has significant exposure in the Property sector. Fasten your seat belt. My 2cts.
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CareRareFair : Long term investor can buy now
JIJIMAO : Ping An’s real estate exposure is 4.8% of its insurance investment fund, when counting real estate-related stock and debt holdings, a company spokesperson said Monday. That compares with the 30% cap set by the regulator. So, Ping An gas a relatively small exposure to the Property sector so I'm not worried at all about the underlying business
moomoozenOP JIJIMAO: Nobody really know what’s their real exposure is, directly and indirectly. InvestOr could be skeptical at these numbers. This is typical SELL first and ask question later.
JIJIMAO moomoozenOP: CLSA remarked that PING AN (02318.HK) plunged 13% over the past week, reflecting the overreaction from the market, as the lost market capital was greater than the company's risk exposure to the Chinese property sector. CLSA restated the Buy rating for PING AN with its target price kept at $83.
As merely 5% of PING AN's insurance funds are invested in the property sector, with the company already prepared provision for 66% of its investment in CFLD (600340.SH), the remaining risk exposure is, therefore, only RMB18 billion, the report added.