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

新浪港股23:29 ET

BOC International: Maintaining China Life's “Buy” Rating and Lowering Target Price to HK$14

BOC International released a research report stating that it maintains the “buy” rating of China Life Insurance (02628) and expects net profit to be 46.6 billion yuan under the new standards in 2024. Since the share of the company's transactional financial assets (31%) of investment assets is relatively higher than that of peers, it is expected to cause profit volatility. The target price was lowered from HK$17 to HK$14. Currently, the valuation is still attractive. According to the report, as of the end of 1Q24, the company's core solvency ratio was 154.97%, down 3 percentage points from the end of the previous year, mainly due to the increase in capital with minimum market risk due to increased equity allocation. In the past 3 years, the company has increased the allocation of long-term bonds

新浪港股23:27 ET

Is Jangho Group Co., Ltd.'s (SHSE:601886) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jangho Group (SHSE:601886) has had a great run on the share market with its stock up by a significant 6.9% over the last week. As most would know, fundamentals are what usually guide market price mo

Simply Wall St22:15 ET

[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

金吾財訊21:00 ET

[Broker Focus] BOC International cuts China Life Insurance (02628) target price by 17.64% and maintains purchase rating

Jinwu Financial News | According to BOC International Development Research Report, China Life (02628) 1Q24 net profit fell 9.3% year on year. The decline in profit was mainly due to the 20.4% year-on-year decline in insurance service performance due to increased compensation payments. According to the bank, premium income increased by 3.2% year on year. The increase was mainly due to renewed premiums. The significant year-on-year decline in premium payments reduced the premium growth rate. The premium structure has been optimized, and the proportion of premiums paid over a ten-year term has increased significantly. The value of new business increased significantly, and the value rate of new business increased year-on-year. The return on investment declined year over year. The bank continued that as of the end of 1Q24, under the company's core solvency adequacy ratio

金吾財訊20:57 ET

China Life Insurance (02628.HK) gains 13.726 million shares from FMR LLC

Gelonghui, April 30丨According to the latest equity disclosure data from the Stock Exchange, on April 24, 2024, China Life (02628.HK) obtained FMR LLC to increase its holdings by 13.7.26 million shares at an average price of HK$9.8712 per share on the market, involving approximately HK$135 million. After the increase in holdings, FMR LLC's latest shareholding was 523,801,919 shares, and the shareholding ratio increased from 6.85% to 7.04%.

Gelonghui Finance18:59 ET