Prudential (02378) will pay the second interim dividend of 2023 of HK$1,112,499 per share on May 16

Prudential (02378) announced that the second interim dividend in 2023 will be 14.21 cents per common share. The name...

Zhitong Finance05:11 ET

[Broker Focus] Shen Hong Wanyuan maintains China Financial Insurance (02328) “buy” rating, indicating that its performance has been under pressure in the short term, but the COR level is superior to comparable peers

Jinwu Financial News | According to Shen Hong Wanyuan Research, China Financial Insurance (02328) 1Q24 achieved net profit of 5.881 billion yuan, yoy -38.3%; CoryoY+2.2pct reached 97.9%. The performance fell short of expectations, but the absolute value was superior to peers (Taibaocai and Pingancai COR were 98.0% and 99.6% respectively). According to the bank, the company's performance is under short-term pressure due to disturbances from external factors, but the COR level is superior to comparable peers; the company values shareholder returns, and the dividend ratio has exceeded 40% for 5 consecutive years, which is the core target of high dividends within the insurance sector. Under the current market style

金吾財訊05:10 ET

保誠：二零二三年第二次中期股息

Futu News05:05 ET · Announcements

ZhongAn Online to Buy Two Properties in The Bund, Shanghai

ZhongAn Online P&C Insurance (HKG:6060) agreed to purchase two properties in The Bund, Shanghai for 1.44 billion yuan, according to a filing with the Hong Kong Exchange on Thursday. The properties bei

MT Newswires02:25 ET

[Hong Kong Stock Connect] China Financial Insurance (02328) reversed the market and fell 4.4%, and the first quarter results fell short of expectations

Jinwu Financial News | China Financial Insurance (02328) continued its previous decline. Today, it reversed the market and fell 4.4% to HK$9.34, with a turnover of HK$190 million. Earlier, CICC stated that the company's 1Q24 premium income fell short of the bank's and market expectations, mainly due to the effects of freezing rain disasters, etc. Net profit reached $5.871 billion, or -38.3% year-on-year, lower than the bank's and market expectations. Mainly due to the impact of the disaster, the company's payouts exceeded expectations and investment performance fell short of expectations. Maintaining the “outperforming industry” rating, the target price is HK$11.8. HSBC research indicates that China's financial insurance underwriting and investment performance in the first quarter all regressed, with comprehensive costs

金吾財訊01:11 ET

[Broker Focus] BOC International upgraded Xinhua Insurance (01336) to purchase rating indicating that the value growth rate of the new business exceeded expectations

Jinwu Financial News | According to the BOC International Development Research Report, Xinhua Insurance (01336)'s profit fell 28.6% year on year. The profit decline was higher than that of its peers, mainly due to the high base for the same period last year, the year-on-year decline in investment income, and the year-on-year increase in interest expenses. The premium structure has been significantly optimized, and the share of ten-year term payments has been greatly increased; business quality has been optimized. The value of new business increased 51% year-on-year in the first quarter, leading the industry in growth rate. The annualized return on total investment was 4.6%, a year-on-year decrease of 0.6 percentage points. According to the bank, the company's transactional financial assets account for 31% of investment assets, accounting for a higher share than peers, and are more profitable

金吾財訊21:02 ET