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 | Alibaba Pictures (01060) is now up more than 5%, and its net profit for the whole year is expected to turn a loss into a profit of no less than 260 million yuan
Alibaba Pictures (01060) is now up more than 5%. As of press release, it has risen 5.32% to HK$0.495, with a turnover of HK$13.263,400.
Trending Industry Today: SENSETIME-W Leads Gains In Weighted Voting Right Stocks
May 2nd - The industry of $Weighted Voting Right Stocks(BK1255.HK)$ is trending higher today with 18 constituents up and SENSETIME-W leading Gains.$SENSETIME-W(00020.HK)$ soars 29.5% to HK$1.58 with a
[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
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
Alibaba Pictures: Recovery in Offline Entertainment Business in Mainland China Supported Results >1060.HK
Alibaba Pictures: Recovery in Offline Entertainment Business in Mainland China Supported Results >1060.HK
Alibaba Pictures Had Posted a Loss of CNY291.1M Year Ago >1060.HK
Alibaba Pictures Had Posted a Loss of CNY291.1M Year Ago >1060.HK
Alibaba Pictures Expects to Swing to Profit for FY Ended March >1060.HK
Alibaba Pictures Expects to Swing to Profit for FY Ended March >1060.HK
Alibaba Pictures (01060.HK): If the acquisition of Damai occurs, the adjusted EBITA for the 2023/2024 fiscal year will exceed 1 billion yuan
On April 30, GLONGHUI | Alibaba Pictures (01060.HK) announced that the company expects net profit attributable to the owners of the company for the fiscal year ending March 31, 2024 (fiscal year 2023/2024) to be no less than RMB 260 million, while the net loss attributable to the owners of the company was recorded in the previous year of approximately RMB 291.1 million. The Group's overall revenue for the 2023/2024 fiscal year is expected to increase by more than 40% compared to the 2022/2023 fiscal year. If the barley acquisition occurred on April 1, 2022 or 2023, the Group's financial results for the 2023/2024 fiscal year
Alibaba Pictures (01060) expects net profit to be no less than 260 million yuan for the 2023/2024 fiscal year to turn a year-on-year loss into profit
Alibaba Pictures (01060) announced that the Group expects the financial year ending March 31, 2024 (20...
阿里影業:盈利預告
Alibaba-SW (09988.HK): Results will be announced on May 14
Gelonghui, April 30 | Alibaba-SW (09988.HK) issued an announcement. The board of directors will hold a board meeting on May 13, 2024, and will approve proposals such as unaudited results and performance announcements for the three months ended March 31, 2024 and the financial year. Results will be announced on May 14, 2024.
董事會會議召開日期
Gaoxin Retail (06808.HK): Liu Peng Resigns as Non-Executive Director
On April 30, Ge Longhui | Gaoxin Retail (06808.HK) issued an announcement. Liu Peng has resigned as a non-executive director of the company due to the need to focus on personal matters, effective April 30, 2024.
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
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
[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
[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