00966 CHINA TAIPING
- 9.850
- +0.120+1.23%
CHINA TAIPING News
Hong Kong shares out of the ordinary | Mainland insurance companies rise again, with the net profit of many insurance companies in the first half of the year exceeding 90% of that in 2023. Institutions continue to be bullish on the industry's premium inco
Mainland insurance companies once again rose. As of the time of publishing, Ping An Insurance (02318) increased by 3.78%, to HKD 37.10; China Pacific Insurance (00966) rose by 3.73%, to HKD 9.74; China Taiping (02601) increased by 3.44%, to HKD 21.05; New China Life Insurance (01336) rose by 3.24%, to HKD 16.58.
[Brokerage Focus] Tianfeng Securities maintains a "buy" rating on China Taiping (00966), pointing out significant improvement in performance on the liability side and bullish on long-term development potential.
Jingu Financial News | Tianfeng Securities issued a research report, stating that China Taiping (00966) achieved a 15.4% year-on-year increase in net income attributable to shareholders in the first half of the year, reaching HKD 6.027 billion. In terms of life insurance, new premiums reached HKD 28.53 billion in the first half of the year, a decrease of 8.8% year-on-year, and the NBV reached HKD 7.335 billion, an increase of 85.5% year-on-year. The bank predicts that the significant increase in silver insurance NBVM is mainly due to the implementation of "reporting and banking integration", which reduces fees and commission rates. In terms of property insurance, insurance service performance reached HKD 0.5 billion in the first half of the year, an increase of 27.6% year-on-year, and the comprehensive cost ratio was 97.0%, a decrease of 0% year-on-year.
The third "国十条" of the insurance industry has activated the trillion-dollar retirement financial market. The direction of the development of the three-pillar retirement insurance has been determined!
① Vigorously develop commercial insurance annuities to meet the diversified retirement protection and long-term financial planning needs of the public; ② Encourage the development of new products and exclusive products that adapt to the individual pension system; ③ Support pension insurance companies in conducting commercial pension business and promote the development of exclusive commercial retirement insurance.
China Taiping [00966] is now trading at 9.75 Hong Kong dollars, with a drop of 5.89%.
As of 11:48, China Taiping [00966] reported HKD 9.75, down HKD 0.61 or 5.89% from the previous closing price of HKD 10.36. The trading volume is HKD 87.4239 million. The highest price today is HKD 10.4, and the lowest price is HKD 9.62. Based on yesterday's closing price, the 10-day average price is HKD 8.86, and the 50-day average price is HKD 7.30. The current PE ratio is 5.91 times, and the 14-day RSI is 66.19.
China Taiping (00966) rose 10.50%, now at 9.750 yuan, hitting a new 52-week high.
As of 11:48, China Taiping (00966) rose by 10.50% compared to the previous closing price, now at 9.750 yuan, hitting a 52-week high; volume of 8.7801 million shares, turnover of 87.4239 million Hong Kong dollars.
Head insurance asset management profit remained stable with slight increase in the first half of the year, but the industry is generally concerned about increased pressure in the second half of the year. "Stocks and bonds both face challenges."
① According to multiple insiders in the insurance asset management industry, the investment performance of various institutions in the bond market improved in the first half of the year. However, the subsequent challenges of the stock and bond markets will test the investment capabilities of these institutions. ② Some industry experts pointed out that currently, it is difficult to invest in non-standard (products). The latest data shows that the business of innovative products in insurance asset management contracted in the first half of the year, and the issuance of non-standard bond rights is still in a downward trend.
【Special Guest Big V】Deng Shengxing: Weakness in multiple mainland data dragging down the major market.
金吾财讯 | The Hang Seng Index closed at 17691 on Monday (2nd), down 297 points or 1.65%. The total market turnover for the day was 112.8 billion yuan. The national index fell 119 points or 1.9% to 6211; the technology index fell 74 points or 2.1% to 3486. Due to the rebound of the US dollar, the offshore RMB exchange rate weakened, depreciating to 7.1085 against the US dollar at one point, down 265 basis points, and now stands at 7.1116, a decrease of 257 basis points. Data from the China Index Research Institute shows that sales of the top 100 real estate enterprises dropped by 38.5% year-on-year from January to August, with mainland real estate stocks also trending downwards. China Vanke (02202) shifted from profit to loss in the mid-term performance report.
China Merchants Securities: High dividend stocks are expected to continue to be a key direction for increases in risky assets allocation.
China Merchants released research reports stating that the investment assets of listed insurance companies account for a large proportion of the industry, with a steady and healthy growth in scale in the first half of 2024, maintaining a balanced and stable allocation structure, and a significant improvement in the total investment yield.
Hong Kong stock market anomaly: China Taiping (00966) rose by more than 3% again. The company's capital and debt ends significantly exceeded expectations. The growth of new business value may lead the market.
China Taiping (00966) rose by over 3%. As of the time of this report, it has increased by 2.57% to HKD 10.38, with a turnover of 37.6535 million Hong Kong dollars.
Bocom Intl reiterates a "buy" rating on China Taiping and will increase dividend insurance sales efforts in the second half of the year.
Bocom International has released a research report stating that both the assets and liabilities of China Taiping (00966) have performed well and significantly exceeded expectations. Profit forecast has been raised, with expected annual profit growth exceeding 40%. Based on a pb ratio of 0.4, the target price has been raised from HKD 10.6 to HKD 11.6, maintaining a "buy" rating. The report points out that the profit performance of China Taiping's main business sectors has been overall positive. In the first half of 2024, the net income attributable to equity holders of the parent company increased by 15.4% compared to the same period last year, and the profit scale has approached the level of the full year of 2023. Operating net profit increased by 19% year-on-year, with the majority of the growth coming from reinsurance and life insurance sectors.
Large bank rating | Societe Generale: China Taiping's target price raised to HK$14, maintaining an "outperform" rating.
Lyon's report states that after china taiping announced its interim performance, the forecast was updated, and it is pleased to see the new business value growth of the company exceeding expectations, and it is very likely to lead the market. At the same time, in the market volatility, the investment performance is still acceptable. The management's comments on traditional investment risks and tax rates have made the bank more confident in the visibility of its future profit growth. The bank has raised its target price from 11.8 Hong Kong dollars to 14 Hong Kong dollars and maintained an 'outperform' rating.
A Piece Of The Puzzle Missing From China Taiping Insurance Holdings Company Limited's (HKG:966) 27% Share Price Climb
Hong Kong stocks closed (08.28) | The Hang Seng Index fell 1.02%, with leading stocks in the market. Network technology stocks, mainland real estate stocks, and others all came under pressure.
Today, the three major Hong Kong stock indices opened lower and continued to decline. The Hang Seng Index and the Hang Seng China Enterprises Index ended their two consecutive rises, while the Hang Seng Tech Index fell more than 2% at one point during the trading day.
GTJA: Raised China Taiping's target price to HKD 13.59, with comprehensive improvement in business quality exceeding expectations.
China Taiping Securities released a research report pointing out that considering the comprehensive improvement of business quality exceeding expectations, it maintains a "shareholding" rating on China Taiping (00966) and raises the target price to HKD 13.59 per share, corresponding to a 2024 P/EV ratio of 0.22 times. GTJA stated that the company's net income attributable to equity holders in the first half of 2024 increased by 15.4% compared to the same period last year, driven by insurance performance and investment income, with net investment performance improving significantly by 360.7% year-on-year. The group's embedded value grew by 8.1% compared to the end of last year, exceeding the bank's expectations. Considering that the allocation of more dividend assets in the company's equity assets is beneficial to stable profits, it is raised.
China Merchants Securities "strongly recommends" China Taiping: Investment income has significantly improved, NBV growth rate exceeds expectations.
China Merchants Securities released a research report stating that the current stock price of China Taiping (00966) corresponds to a PEV of only 0.11 times in 2024. It is expected that there will be a large potential for further increase, with a strong contrast between low valuation, low position holding and high fundamental prosperity. The company's interim report continues to show strong performance, with investment income significantly improving and historical risks on the asset side gradually being cleared. The NBV growth rate on the liability side far exceeds expectations, and it is expected to maintain a leading advantage for the whole year. China Merchants Securities' main points are as follows: the NBV growth rate of life insurance exceeds expectations, and the value creation ability of bancassurance has significantly improved. 1) In the first half of 2024, the company achieved a life insurance NBV of 66.9.
gtja: Raised target price of china taiping (00966) to HKD 13.59, overall improvement in business quality exceeds expectations.
Considering that allocating more dividend assets in the company's equity assets is beneficial for stabilizing profits, the EPS for 2024-2026 is adjusted to HKD 2.14/2.51/3.10.
China Merchants Securities "strongly recommends" China Taiping (00966): significant improvement in investment income, NBV growth rate greatly exceeds expectations.
China Taiping (00966) gradually cleared historical risks on the asset side in the semi-annual report; the growth rate of NBV on the liability side exceeded expectations, and it is expected to maintain a leading advantage for the whole year.
News Flash: China Taiping's stock price surged more than 8%, with a 15.4% year-on-year increase in net profit in the first half of the year.
On August 28th, china taiping (00966.HK) rose more than 8%, as of the time of publication, it increased by 8.37%, closing at 9.32 Hong Kong dollars, with a trading volume of 90.3311 million Hong Kong dollars. Market source: futubull news, china taiping announced its performance for the first half of 2024. Under the new guidelines, the group's total assets exceeded 1.6 trillion Hong Kong dollars, an increase of 8.7% compared to the end of 2023; net investment performance was 7.503 billion Hong Kong dollars, a year-on-year increase of 360.7%. Insurance service revenue was 55.875 billion Hong Kong dollars, a year-on-year increase of 3.2%; insurance service performance was 11.249 billion Hong Kong dollars, a year-on-year increase.
China Taiping Insurance 1H Net HK$6.03B Vs. Net HK$5.22B >0966.HK
China Taiping Reports Strong Interim Financial Growth
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