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CITIC Securities: Maintaining the “better than the market” rating in the life insurance industry favors leading companies in the long term
The Zhitong Finance App learned that CITIC Securities released a research report saying that looking at undervaluation+strong beta attributes in the short term and debt-side adjustments in the long term, maintaining the “better than the market” rating for the life insurance industry.
Lyon: Maintain China's financial insurance “buy” rating and reduce the target price to HK$12.2
Lyon released a research report saying that it maintains the “buy” rating of China Financial Insurance (02328) and is still listed as one of the preferred stocks in the industry. The Group's profit is expected to recover from its low base in 2023, the return on equity (ROE) will rise to about 13% from 11% in 2023, and the target price will drop slightly from HK$12.3 to HK$12.2. The company's comprehensive ratio (COR) last year was 97.8%, which was in line with management guidelines and also exceeded market expectations. Net profit was slightly lower than forecast, but the payout ratio rose to 44%, which was slightly better than expected.
CICC: Maintaining China Financial Insurance's (02328) “Outperform the Industry” rating target price of HK$11.8
CICC believes that increasing the dividend rate not only reflects the importance China Financial Insurance (02328) places on shareholder returns, but also shows management's confidence in long-term business operations.
[Hong Kong Stock Connect] China Financial Insurance (02328)'s profit fell 15.70% last year to RMB 24.585 billion, and plans to distribute a final dividend of $0.489
Jinwu Financial News | China Financial Insurance (02328) announced that in 2023, the company's net profit to mother was 24.585 billion yuan (RMB, same below), a year-on-year decrease of 15.70%; basic earnings per share were 1.105 yuan, compared with 1.311 yuan in the same period last year; the board of directors recommended paying a final dividend of 0.489 yuan per common share for 2023 and withdrawing 7 billion yuan from any surplus reserve fund. During the period, the original insurance premium income reached RMB 515.807 billion, an increase of 6.3% over the previous year. The market share is 32.5% of China's property insurance market. During the period, the company achieved revenue of 4,572 from insurance services.
PICC Property & Casualty: To Make Great Efforts to Develop Individual Insurance Businesses >2328.HK
PICC Property & Casualty: To Make Great Efforts to Develop Individual Insurance Businesses >2328.HK
China Financial Insurance (02328.HK)'s original insurance premium income of 515.807 billion yuan in 2023 increased 6.3% year-on-year
On March 26, Ge Longhui | China Financial Insurance (02328.HK) announced that in 2023, the company will adhere to the hard principles of high-quality development, establish a correct view of management, performance and risk, and continue to promote method transformation, structure improvement, quality improvement and efficiency in the direction of improvement and strengthening. Under the complex and severe development situation, it achieved original insurance premium income of 515.807 billion yuan, an increase of 6.3% over the previous year, ranking first in the industry; the comprehensive cost ratio was 97.8%, achieving underwriting profit of 10.189 billion yuan, total investment income of 20.807 billion yuan, net profit of 24.566 billion yuan, net capital
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