ZhongAn Online P & C Insurance's January-May Premiums Reach 12.4 Billion Yuan; Shares Rise 5%

ZhongAn Online P & C Insurance (HKG:6060) raked in 12.4 billion yuan in gross written premiums during the January-May period, according to a Thursday filing with the Hong Kong Stock Exchange. Shares j

MT NewswiresJun 14 02:57 ET

Hong Kong stocks changes | Za Online (06060) rose nearly 6% in the afternoon, and the total amount of original insurance premiums from January to May increased by more than 10% year-on-year.

ZA Online (06060) rose nearly 6% in the afternoon, and as of press time, rose by 5.86% to HKD 14.46, with a turnover of HKD 86.97 million.

Zhitong FinanceJun 14 01:44 ET

From January to May, the total original insurance premium income of za online (06060.HK) was about 12.4 billion yuan.

ZhongAn Online (06060.HK) announced that the total original insurance premium income acquired by the company from January 1, 2024 to May 31, 2024 was approximately 12.4 billion yuan.

Gelonghui FinanceJun 13 07:08 ET

Express News | ZhongAn Online P & C Insurance - Aggregate Gross Written Premiums for January to May RMB12,396 Mln

ReutersJun 13 07:03 ET

[Brokerage Focus] Sinolink Securities points out that insurance stocks are adjusting with the large cap. The subsequent valuation recovery momentum comes from the expectation of improved performance from the liability and asset sides.

Sinolink Securities stated that short-term market sentiment is volatile and insurance stocks are adjusting with the overall market. The future valuation recovery for insurance stocks will come from the expectation of better performance on the liability and asset sides. 1) Liability side: Some companies' Q2 NBV is expected to achieve positive growth even under high base, better than expected. 2) Asset side: Q2 profits are expected to achieve high growth under low base + the upward trend of the stock market. In addition, on June 7th, the State Council meeting deployed work related to real estate, proposing to "make efforts to promote the implementation and effectiveness of policies and measures that have already been introduced, and continue to study and reserve new policies and measures to de-stock and stabilize the market", and relevant policies are expected to be further introduced in the future.

金吾財訊Jun 11 03:09 ET

Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term

0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say

WSJJun 5 02:42 ET