Changes in Hong Kong stocks | Insurance stocks continue to strengthen, insurer NBV's performance exceeded expectations in the first quarter, and sector valuation repair is expected to continue under asset-side catalysts

The Zhitong Finance App learned that insurance stocks continued to strengthen in early trading. As of press release, AIA (01299) rose 9.07% to HK$58.9; China Taibao (02601) rose 5.72% to HK$18.12; China Life (02628) rose 4.85% to HK$10.8; Xinhua Insurance (01336) rose 4.61% to HK$15.44; Ping An (02318) rose 4.33% to HK$37.35. According to the news, judging from the quarterly reports of listed insurers currently disclosed, the overall year-on-year growth rate of insurers NBV has exceeded expectations under comparable standards. Among them

Zhitong Finance23:02 ET

二零二三年年報

Futu NewsApr 26 05:29 ET · Announcements

[Broker Focus] CMB International maintains Ping An China (02318) “buy” rating indicating that the value of the new life insurance and health insurance business exceeds expectations

Jinwu Financial News | CMB International said that the first quarter results of Ping An of China (02318) showed the growth resilience of its main business segments in life insurance, financial insurance and banking. The value of the new life insurance and health insurance business increased 20.7% year over year to $12.89 billion under a comparable scale, exceeding market expectations and better than the bank's forecast of achieving medium double digit year-on-year growth. According to the bank, the company's stock price is currently at 0.47 times FY24EP/EV and 0.71 times FY24E net market ratio. The steady upward trend in stock prices in the future will be affected by: 1) a recovery in market sentiment; 2) a steady recovery in return on asset-side investments; and 3) creditworthiness in housing

金吾財訊Apr 25 02:41 ET

Changes in Hong Kong stocks | Insurance stocks rise, China's Taiping (00966) rises more than 6%. Institutions expect long-term interest rates to fall, and the asset side is expected to usher in marginal improvements

As of press release, China's Taiping (00966) rose 6.3% to HK$7.26, Ping An of China (02318) rose 3.78% to HK$35.7, and AIA (01299) rose 3.37% to HK$52.1.

Zhitong FinanceApr 24 22:42 ET

[Broker Focus] BOC International maintains China's Ping An (02318) purchase rating indicates that the value rate of the new business exceeds expectations

Jinwu Financial News | According to BOC International Development Research Report, China Ping An (02318)'s profit performance for the first quarter of 2024 was stable on a high basis, and the three core businesses remained stable overall. Operating profit returned to parent fell 3% year on year. The decline was mainly due to the technology, financial insurance and asset management sectors, while life insurance, health insurance, and banks increased slightly year over year. Life and health insurance+financial insurance+banking combined increased 0.3% year over year. According to the bank, the value of the new business has increased significantly, mainly due to an increase in the value ratio. The bank expects that there is still room for optimization of the product structure throughout the year, and the value rate of the new business is expected to continue to increase compared to the first quarter of 2024. Comprehensive financial insurance

金吾財訊Apr 24 20:34 ET

North and South Water | Continue to grab high dividends! Nanshui bought more than 500 million yuan of Pingan, and Beishui continuously increased its positions with Bank of China, Tencent, and China Mobile

Northbound Capital made a net purchase of 4.606 billion yuan of A-shares, while Southbound made a net purchase of HK$1,995 billion in Hong Kong shares.

Gelonghui FinanceApr 24 06:42 ET