Ping An 2318

Re: Ping An 2318

Postby winston » Wed Jul 05, 2017 9:36 pm

not vested

China's Big Short Looks More Like a Big Squeeze to Investors

Ping An short interest climbs to a record in Hong Kong
Bears see regulatory risk; bulls tout growth, low valuation

Source: Bloomberg

https://www.bloomberg.com/news/articles ... gn=markets
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Sun Jul 16, 2017 6:54 am

Ping An’s Tech Transformation

Chinese insurance titan Ping An to take on internet giants as it evolves into a tech powerhouse

What’s the story: Ping An Insurance (Group) is gearing up to take on mainland China’s internet giants, while pursuing international expansion, under its audacious plan to become a full-fledged technology company.

Why it matters: Ping An is China’s second-largest life insurer, with more policy holders than the population of Japan.

It’s also one of the industry’s most innovative, expanding both its size and its business scope in leaps and bounds since its establishment in 1988.

Its ambitions to now turn itself into a technology company, making use of its huge customer base, underscores the innovativeness of Chinese companies, with the huge population as their advantage.

Source: SCMP
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Fri Aug 18, 2017 8:40 am

Premium value for Ping An

by Carrie Chen

Ping An Insurance (Group) Co (2318), China's second-largest insurer by market value, saw interim net profit rise 6.5 percent to 43.4 billion yuan (HK$50.86 billion) on robust growth in life insurance premiums.

Earnings per share were 2.43 yuan. The insurer recommended an interim dividend of 50 fen apiece, up 150 percent from a year earlier.

Total income was 503.1 billion yuan, up 23.4 percent. Excluding the effect from subsidiary Puhui's restructuring that occurred in the first half 2016, net profit jumped 38.8 percent for the six months ended June 30.

New business value generated by the life and health insurance business spiked 46.2 percent to 38.6 billion yuan, whole embedded value grew 23.9 percent to 446.6 billion yuan.

Ping An Life realized a 34.8 percent year-on-year rise in net profit to 22.6 billion yuan.

Ping An Property & Casualty's premium income climbed 23.5 percent. Net profit of Ping An Bank's retail business edged up 2.1 percent to 12.6 billion yuan.

Also yesterday, the China Insurance Regulatory Commission issued a consultation file asking insurers to reveal stakes held by major shareholders.

Details of annual general meeting, biography of directors and management, as well as transactions or investment losses are also required to be revealed.

Source: The Standard
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Wed Dec 13, 2017 1:19 pm

vested

PING AN Jan-Nov Life Insurance Gross Premium Income Up 34.23% YoY

PING AN (02318.HK) announced that the accumulated gross premium income of the life insurance business for the first eleven months of this year increased 34.23% yearly to RMB361.6 billion.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Thu Feb 01, 2018 10:04 am

not vested

PING AN(2318)
Analysis:


On Jan 15, Ping An announced the life premium income of RMB388.64bn. We are positive on the high growth of insurance industry in future.

Meanwhile, stringent regulation is expected to increase market share of leading companies which means that life insurance leaders will have good opportunities for development.

We expect that the quality of agent team will continue to improve and the proportion of long-term guaranteed products will further increase, which will continue to drive the steady growth of new business value.

We expect the reform of commercial auto insurance will benefit well-positioned market player. Considering Ping An Property & Casualty Insurance is the second largest insurance premium company in China, we expect the growth in the number insurance agents contributes to the increase of customer base.

At the same time , the booming automobile consumption facilitates the growth in auto insurance business. We see Ping An Bank, Ping An Trust, Ping An Securities and other traditional financial businesses have developed steadily in past few years.

Expect for maintaining the traditional business advantages, Ping An also promotes the strategy of "finance+technology" and focused on the financial and medical technologies based on Lujinsuo and Haoyisheng as plateforms.

Strategy:

Buy-in Price: $92.65, Target Price: $110.00, Cut Loss Price: $85.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Wed Mar 21, 2018 8:32 am

not vested

Ping An Insurance to double dividend as profit soars 43 per cent

China’s second largest life insurer, which has transformed itself into an online financial powerhouse, reported 2017 profit well ahead of forecasts

The insurer reported a net profit of 89.088 billion yuan (US$ 14.075 billion) last year, up from 62.4 billion yuan in 2016.

Ping An will raise its dividend per share by 100 per cent year-on-year to 1.50 yuan

Ping An’s retail customers in 2017 grew 26.4 per cent to 166 million, and the number of contracts per customer rose 5 per cent.

New customers climbed 20.5 per cent year-on-year to 46.30 million, 40.4 per cent of them online users.

The company’s new life and health insurance business grew 32.6 per cent in value from a year earlier to 67.36 billion yuan, after it increased the number of sales agents 24.8 per cent in 2017 to 1.39 million.
.

Source: SCMP

http://www.scmp.com/business/china-busi ... rs-43-cent
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Fri Mar 23, 2018 7:48 pm

vested

Remains optimistic on 2018 “protection” demand, despite hiccup from “Jump-start” sales

Lengthening asset duration by increasing bond investment to capture benefits from rising rate

Strong VNB outlook, ample residual margin and high ROEV to secure a higher dividend payout

Raise earnings by 2%/1% in FY18/19F, fine tune our VNB/EV assumption and raise TP to HK$115 as we roll over our valuation to FY19F.

Reiterate BUY

Valuation:
Our TP is based on SOP valuation, using 2.2x P/EV for Ping An Life, 1.0x P/BV for Ping An P&C, Ping An Bank and all other businesses, a total of HK$16.2/ share for Ping An’s fintech unit and a 15% conglomerate discount.

Key Risks to Our View:
Increasing market competition, reversal in interest rate upcycle, rising volatility in both China’s bond and equity markets, policy risks, and slower-than-expected China economy.

Source: DBS

https://researchwise.dbsvresearch.com/R ... VyaWRAQA==
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Thu Apr 26, 2018 1:26 pm

not vested

Apr 13, 2018

PING AN(02318.HK) Jan-Mar Life Insurance Biz Premium Income Up 20.59% YoY

PING AN(02318.HK) announced that the premium income for life insurance business from 1 January 2018 to 31 March 2018 amounted to RMB189.746 billion, up 20.59% yearly.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Fri Apr 27, 2018 7:46 am

vested

Ping An upbeat as net profit rises 11pc to $31b

by Joyce Chen

Chinese conglomerate Ping An Insurance (2318) recorded a net profit of 25.70 billion yuan(HK$31.88 billion) for the quarter ended March 31, up 11.49 percent year on year; while its spinoff Good Doctor was oversubscribed 653 times in the city with HK$376.8 billion locked.

Earning per share was amounted to 1.44 yuan, and the insurance leader has proposed a special dividend of 0.20 yuan for its 30th anniversary.

During the period, its life and health insurance business saw a premium of 230.59 million yuan, buoyed by stable renewal contracts. However, new premiums dropped by 7.47 percent to 19.90 billion yuan.

Net profit from property and casualty business reported a 3.6 percent decrease, to 3.27 million yuan while revenue grew 17.8 percent to 63.22 million yuan.

Lufax Holding, an unicorn Ping An owns, reported a total of 303.83 billion yuan loan under management, up 5.3 percent from the beginning of this year. The firm turned loss to profit for this first time last year.

The group did not disclose financial result of its Ping An Healthcare and Technology which is best known as Good Doctor.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0427&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

Re: Ping An 2318

Postby winston » Fri Apr 27, 2018 7:50 am

vested

Ping An pays special dividend after profitable quarter

Ping An Insurance (2318) reported today net profit of 25.7 billion yuan (HK$31.88 billion) for the quarter ended March 31, up by 11.49 percent year-on-year.

Basic earnings per share were 1.44 yuan.

The Chinese insurer proposed a special dividend of 20 fen for its 30th anniversary.

The life and health insurance business expanded strongly, Ping An reported. Premiums grew by 24.9 percent from the year before to 230.58 billion yuan, due to steady growth in renewal premiums. Operating profit of the life and health insurance business increased by 12.7 percent to 16.54 billion yuan.

The value of new business dropped by 7.47 percent to 19.89 billion yuan.

First-year premiums dropped by 16.6 percent on-year as interest rates increased and savings products became less attractive, Ping An said.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0426&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104142
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to L to R

Who is online

Users browsing this forum: No registered users and 1 guest