Changes in Hong Kong stocks | China's Taiping (00966) rose more than 7%, leading the rise in domestic insurance stocks, life insurance interest spreads are expected to ease, institutions say there is more room for repair in Hong Kong stock non-bank valuat
Domestic insurance stocks rose in the afternoon. As of press release, China's Taiping (00966) rose 7.44% to HK$8.66; Xinhua Insurance (01336) rose 4.42% to HK$17.5; China Taibao (02601) rose 4.27% to HK$20.5; and China Life Insurance (02628) rose 2.94% to HK$11.9.
Direct impact of changes | Domestic bank insurance stocks collectively rose in early trading, and banking insurance channels recreated major new regulations
On May 10, $Bank Stocks (BK1239) $$Domestic Insurance Stocks (BK1228) $ collectively increased during the morning intraday period. As of press release, $Postbank (01658.HK) $ rose 7.36% to HK$4.52; $Agricultural Bank (01288.HK) $ rose 6.18% to HK$3.78; $CCB (00939.HK) $ rose 6.25% to HK$5.61; $ICBC (01398.HK) $ rose 4.60% to HK$4.55; $China Taibao (02601.HK) $ rose 8.25%
Haitong Securities: What is the impact of falling interest rates on insurance companies' operations?
In the long run, the economic growth rate determines the level of interest rates, and the interest rate center gradually declines as the potential growth rate of the economy declines.
CPIC To Go Ex-Dividend On June 12th, 2024 With 1.12477 HKD Dividend Per Share
May 8th - $CPIC(02601.HK)$ is trading ex-dividend on June 12th, 2024. Shareholders of record on June 13th, 2024 will receive 1.12477 HKD dividend per share on July 12th, 2024. The ex-dividend date
China Taibao (02601.HK) received 6.5722 million shares from J.P. Morgan Chase
Gelonghui, May 7 | According to the latest equity disclosure data from the Stock Exchange, on April 29, 2024, China Taibao (02601.HK) obtained JPMorgan Chase & Co. to increase its holding of 6.5722 million shares at an average price of HK$17.9527 per share, involving an investment of approximately HK$118 million. After the increase in holdings, JPMorgan Chase & Co.'s latest number of positions was 198,836,995 shares, and the holding ratio increased from 6.92% to 7.16%.
China Taibao (02601.HK): The General Administration of Financial Supervision has approved the revised articles of association
Gelonghui, May 6, 丨 China Taibao (02601.HK) announced that the company recently received the “Reply on China Pacific Insurance (Group) Co., Ltd. Amendments to the Articles of Association” (Gold Reply [2024] No. 312) from the General Financial Supervisory Authority, and the Financial Supervisory Authority has approved the revised articles of association.
China Taibao (02601) will pay a final dividend of 1.02 yuan per share on July 12
China Taibao (02601) announced that it will be distributed on July 12, 2024 until December 3, 2023...
CPIC: NOTICE OF THE ANNUAL GENERAL MEETING
[Broker Focus] CMB International reaffirms China's Taibao (02601) “buy” rating and is included in the sector's preferred target
Jinwu Financial News | According to CMB International Development Research Report, China Taibao (02601)'s new business value (VNB) in the first quarter was +30.7% year-on-year to 5.19 billion yuan. The growth rate was better than that of peers such as China Life Insurance +26.3% /Ping An +20.7%. Looking forward to the future, the bank expects that on the basis of a high banking insurance base, the company may shift its underwriting focus more to agent channels; with the deepening of the Changhang Phase II transformation project, it is expected that future growth in new business value will be mainly driven by an increase in the value rate of the new business. In terms of financial insurance, the comprehensive cost rate in the first quarter was -0.4 percentage points year-on-year to 98%, and premiums increased
Changes in Hong Kong stocks | Domestic insurance stocks continued to rise, insurers NBV performed well in the first quarter, and the sector's valuation rebound is expected to continue
Domestic insurance stocks continued to rise. As of press release, Zhongan Online (06060) rose 4.33% to HK$14.46; China Taibao (02601) rose 3.89% to HK$18.7.
Insurance stock Pusheng Sunshine Insurance (06963) rose 3.42%. Institutions say recent insurance stock adjustments clearly have plenty of room for improvement
Jinwu Financial News | Insurance stocks rose 3.42%, Sunshine Insurance (06963) rose 3.42%, Zhongan Online (06060) rose 2.6%, AIA (01299) rose 2.36%, China Taibao (02601) rose 2.11%, and China Taiping (00966) rose 2.03%. Fangzheng Securities said that recent insurance stock adjustments have been obvious. As of 4/30, PEV of the four major A-share listed life insurance companies was only 0.50 times, far lower than the historical 1-fold center, and there is plenty of room for improvement. On the asset side, economic expectations improved catalytic sector beta. Domestic economic stabilization policies continue to be introduced, and asset-side recovery is planned
China's Taibao quickly responds to the Guangdong Meida Expressway landslide disaster
At about 2:10 a.m. on May 1, a highway landslide occurred near K11+900 meters from Dapu to Fujian on the Guangdong Meida Expressway. As of 5:30 a.m. on May 2, 23 vehicles had been found to have fallen, killing 36 people and injuring 30 others (no lives in danger). After the accident occurred, China Taibao attached great importance to it, adhering to the principle of “people first, life first”, linking overall points, production and life collaboration, and immediately initiated an emergency response mechanism, actively investigated the emergency situation, opened a green channel for claims processing, and launched a 7*24 hour consultation service, simplified claim data, and abolished designated hospitals and expenses
Changes in Hong Kong stocks | Ping An of China (02318) rose nearly 5%, leading domestic insurance stocks, debt-side core indicators showed impressive performance, and asset-side recovery is expected to boost valuations
Domestic insurance stocks continued their recent gains. As of press release, Ping An of China (02318) rose 4.73% to HK$37.65; Xinhua Insurance (01336) rose 4.5% to HK$15.8; Zhongan Online (06060) rose 4.22% to HK$13.82; and China Taibao (02601) rose 3.94% to HK$17.96.
On the 33rd anniversary of China Taibao, Si celebrated the thanksgiving and solemnly launched the “Love and Companionship” customer feedback campaign
Along with the continuous rise in economic and income levels, in order to continuously meet the needs of the masses for a better life, the country clarified the National Health Plan and the National Plan for the Development of Aging Services and the Elderly Service System in the “14th Five-Year Plan”, which clearly requires a gradual increase in the level of national health security and old-age care security. The development of the insurance industry is shifting from simple sales of insurance products to experiential marketing in scenarios required by customers, and is being upgraded from “product-driven” to “service-driven”. “Big Health” is one of the best fulcrums. China Taibao responded positively to national policies and formulated a “big health” strategy as early as 2020
Positive Week for China Pacific Insurance (Group) Co., Ltd. (SHSE:601601) Institutional Investors Who Lost 12% Over the Past Year
Key Insights Institutions' substantial holdings in China Pacific Insurance (Group) implies that they have significant influence over the company's share price A total of 8 investors have a majority
BOC International: Maintaining China Taibao's “Buy” Rating and Lowering the Target Price to HK$25
BOC International released a research report stating that it lowered the target price of China Taibao (02601) by 17% from HK$30 to HK$25. Currently, the net market ratio is 0.6 times, and the dividend ratio exceeds 6%. The valuation is attractive and maintains a “buy” rating. According to the report, the company's net profit to the mother increased by 1.1% per year in the first quarter of 2024, maintaining steady growth on a high base, exceeding market expectations. The results of the life insurance reform continued to be reflected. The new business value (VNB) increased by 30.7% per year, leading the industry in growth rate, and steady investment income and profit performance. The bank said that based on the new accounting standards, it is expected that both sides of the company's assets and liabilities will change
[Broker Focus] BOC International cuts China Taibao (02601) target price by 16.67% to maintain purchase rating
Jinwu Financial News | According to BOC International Development Research Report, the net profit of China Taibao (02601) in the first quarter of 2024 increased 1.1% year-on-year, and maintained steady growth on a high basis. Meanwhile, interbank profits generally declined year on year, and the company's profit performance exceeded market expectations. The results of the Changhang operation continued to be reflected. New single-instalment premiums paid through agent channels increased dramatically over the same period last year, and business quality improved. The value of the new business increased by 30.7% year on year, and the growth rate was higher than that of China Life Insurance and Ping An. The comprehensive cost ratio of financial insurance improved year-on-year, which is better than that of peers. The return on investment is steady, and the performance is better than that of peers. According to the bank, the results of the company's life insurance reform continue to be reflected, new businesses
Nomura Adjusts China Pacific's Price Target to HK$26.14 From HK$25.12, Keeps at Buy
03:48 AM EDT, 04/29/2024 (MT Newswires) -- Nomura Adjusts China Pacific's Price Target to HK$26.14 From HK$25.12, Keeps at Buy Price (HKD): $17.98, Change: $+0.84, Percent Change: +4.90%
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
[Hong Kong Stock Connect] The net profit of China Taibao (02601) in the first quarter increased 1.1% year on year, and the value of the new life insurance business increased 30.7% year on year
Jinwu Financial News | China Taibao (02601) announced that in the first quarter of 2024, net profit was 11.759 billion yuan (RMB, same below), up 1.1% year on year; the group achieved operating income of 95.428 billion yuan during the period, an increase of 1.1% year on year; basic earnings per share were 1.22 yuan. In the first quarter, Taibao Life Insurance achieved large-scale premiums of $105.95 billion, of which new premiums were 32,833 billion yuan, up 0.4% year on year; new business value reached 5.191 billion yuan, up 30.7% year on year; insurance service revenue of 20.859 billion yuan, down 5.1 billion yuan year on year
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