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[Broker Focus] CMB International maintains Ping An China (02318) “buy” rating indicating that the value of the new life insurance and health insurance business exceeds expectations
Jinwu Financial News | CMB International said that the first quarter results of Ping An of China (02318) showed the growth resilience of its main business segments in life insurance, financial insurance and banking. The value of the new life insurance and health insurance business increased 20.7% year over year to $12.89 billion under a comparable scale, exceeding market expectations and better than the bank's forecast of achieving medium double digit year-on-year growth. According to the bank, the company's stock price is currently at 0.47 times FY24EP/EV and 0.71 times FY24E net market ratio. The steady upward trend in stock prices in the future will be affected by: 1) a recovery in market sentiment; 2) a steady recovery in return on asset-side investments; and 3) creditworthiness in housing
CICC: Life insurance profits may exceed expectations, Chinese life insurance welcomes medium-term investment opportunities
Chinese life insurance currently has medium-term investment opportunities.
Changes in Hong Kong stocks | Insurance stocks rise, China's Taiping (00966) rises more than 6%. Institutions expect long-term interest rates to fall, and the asset side is expected to usher in marginal improvements
As of press release, China's Taiping (00966) rose 6.3% to HK$7.26, Ping An of China (02318) rose 3.78% to HK$35.7, and AIA (01299) rose 3.37% to HK$52.1.
[Broker Focus] BOC International maintains China's Ping An (02318) purchase rating indicates that the value rate of the new business exceeds expectations
Jinwu Financial News | According to BOC International Development Research Report, China Ping An (02318)'s profit performance for the first quarter of 2024 was stable on a high basis, and the three core businesses remained stable overall. Operating profit returned to parent fell 3% year on year. The decline was mainly due to the technology, financial insurance and asset management sectors, while life insurance, health insurance, and banks increased slightly year over year. Life and health insurance+financial insurance+banking combined increased 0.3% year over year. According to the bank, the value of the new business has increased significantly, mainly due to an increase in the value ratio. The bank expects that there is still room for optimization of the product structure throughout the year, and the value rate of the new business is expected to continue to increase compared to the first quarter of 2024. Comprehensive financial insurance
North and South Water | Continue to grab high dividends! Nanshui bought more than 500 million yuan of Pingan, and Beishui continuously increased its positions with Bank of China, Tencent, and China Mobile
Northbound Capital made a net purchase of 4.606 billion yuan of A-shares, while Southbound made a net purchase of HK$1,995 billion in Hong Kong shares.
Ping An of China (601318.SH/2318.HK): Strong business infrastructure, medical care and pension release the “ratchet effect”
On the evening of April 23, Ping An of China released its performance report for the first quarter of 2024. Financial reports show that in the first quarter, the company's operating profit attributable to shareholders of the parent company was 38.709 billion yuan, down 3.0% year on year; net profit attributable to shareholders of the parent company was 36.709 billion yuan, down 4.3% year on year. Among them, the three core businesses of life insurance and health insurance, property insurance, and banking resumed growth. The total operating profit of the three businesses attributed to shareholders of the parent company was 39.816 billion yuan, an increase of 0.3% over the previous year. It's easy to see that with the improvement of macroeconomic fundamentals and the company's continued deepening operations, Ping An is gradually implementing the business
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102785019 : maybe later today
104087180 : 平安没有出业绩吗?