Big Bank Ratings丨Jefferies: Predicting mixed results for China's life insurance stocks in the next quarter, favoring Ping An of China

Jefferies released a report saying that China's life insurance stocks have risen 20% to 40% since this year, benefiting from stabilizing interest rates and improving market sentiment. However, the bank is wary of the remaining structural challenges in the industry and urges investors to remain selective. The industry's profit for the next quarter may improve year over year, but the value of the new business is facing a high base. The bank predicts that China's life insurance stocks will perform mixed in the next quarter. The low base of seasonal dividend income and stock profit will drive the quarterly and yearly recovery of investment income and profits, but the high base from May to July will drag down negative growth in the value of new businesses. The bank favors Ping An of China, which is based on lower valuations, stronger underwriting profitability and investment

Gelonghui Finance01:52 ET

Ping An Insurance Buys Back Shares for Incentive Scheme

Ping An Insurance (SHA:601318, HKG:2318) repurchased 3.7 million Shanghai-listed shares for 157.5 million yuan as part of the group's employee incentive scheme, a Tuesday filing on the Hong Kong bours

MT NewswiresMay 22 04:52 ET

Nomura Adjusts Ping An Insurance (Group)'s Price Target to HK$60.86 From HK$54.41, Keeps at Buy

03:00 AM EDT, 05/22/2024 (MT Newswires) -- Nomura Adjusts Ping An Insurance (Group)'s Price Target to HK$60.86 From HK$54.41, Keeps at Buy Price (HKD): $44.40, Change: $+0.10, Percent Change: +0.23%

MT NewswiresMay 22 03:00 ET

China Merchants Securities: In April, the premium income of listed insurers was steady, and the asset side ushered in triple catalysis

Recently, listed insurers disclosed the original insurance premium income from January to April 2024. The monthly increase in life insurance premiums of various companies in April was mainly driven by renewal, and the value performance may be better than expected; the growth rate of financial insurance premiums is not expected to be due to differences in the auto insurance business.

Zhitong FinanceMay 22 02:36 ET

Ping An of China (02318): The 2024 core personnel shareholding plan has purchased 3.724,800 A-shares

Ping An of China (02318) announced the 2024 core personnel shareholding plan and the 2024 long-term service plan...

Zhitong FinanceMay 21 06:41 ET

Hong Kong Stock Concept Tracking | The premiums of the top five listed insurers maintained positive growth in the first 4 months. Institutions are optimistic about investment opportunities in the life insurance sector (with concept stocks)

China Merchants Securities believes that as asset-side stock markets, real estate, and interest rates usher in triple catalysis, the constraints that suppress profit performance and stock price valuation in the life insurance sector are expected to be fully opened up.

Zhitong FinanceMay 20 20:11 ET