not vested
PING AN(2318)
Analysis:
The company is one of the largest financial and insurance groups in China and has grown into a Chinese insurance giant.
Its business scope covers insurance, banking, securities, technology and other sectors.
The average ROE in the past ten years has reached 17.8%, and its profitability is significantly stronger than peers.
Through integrated finance, medical and health ecology and digital technology, the company has formed a complete pension service system of "insurance + health management", "insurance + home care", and "insurance + quality health care".
The results of the company's life insurance reform are gradually released. It is expected that the recovery of insurance demand will help drive the company's continued growth with the improvement of the macro economy.
In addition, the policy of real estate industry tends to be looser, and the resolution of industry risks will help promote the revaluation of the company's asset value.
Strategy:
Buy-in Price: $56.05, Target Price: $61.00, Cut Loss Price: $51.66
Source: Phillips