Ping An 2318

Re: Ping An 2318

Postby winston » Fri Apr 27, 2018 9:11 am

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Ping An Group Denies Change of Chairman

Ping An Group Spokesperson clarified that the rumor on the social media about the change of Chairman was totally fictitious and malicious.

The company already reported the case to the Public Security Bureau.

Source: AAstocks.com
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Re: Ping An 2318

Postby winston » Fri Apr 27, 2018 2:39 pm

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<Post Result>Brokers' Latest Ratings & TPs on PING AN(02318.HK)(Table)

Brokers' latest ratings and target prices on PING AN(02318.HK) are listed as follows:

Brokers?Investment Ratings?Target Prices (HK$)
HSBC Global Research ?Buy?116
Citigroup?Buy?112
Credit Suisse?Outperform?111->103
Morgan Stanley?Overweight?100
Nomura?Buy?98.06
CCB International ?Outperform?69.2->97.9
Deutsche Bank ?Buy?95.2
Daiwa?Hold?76->78

Source: AAStocks Financial News
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Re: Ping An 2318

Postby winston » Mon Apr 30, 2018 10:05 am

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<Research Report>BofAML Trims PING AN(02318.HK) TP to $98.15; VNB Growth Forecast Lowered

Bank of America Merrill Lynch's report said that PING AN(02318.HK)'s 1Q VNB went down 7.5%, in-line with consensus but missing its estimates.

The broker cut its 2018 VNB growth estimate to 15% from 22% and adjusted the target price from $106.08 to $98.15, with the rating Buy unchanged.

Source: AAStocks Financial News
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Re: Ping An 2318

Postby winston » Wed Jun 20, 2018 3:17 pm

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June 14, 2018

<Research Report>C Suisse Trims PING AN (02318.HK) Target to $98; Retained Outperform

Credit Suisse stated in its report that PING AN (02318.HK)'s May life premium went up 22%, underpinned by resilient renewals and recovery in individual new sales, up 9% yearly in May.

The broker retained Outperform on PING AN at the target price $98, trimmed from $103.

Source: AAStocks Financial News
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Re: Ping An 2318

Postby winston » Thu Jul 19, 2018 11:30 am

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<Research Report>Macquarie Rated PING AN (02318.HK) at Outperform with TP Cut to $105

PING AN (02318.HK)'s share price has been fading 13% year to date, vs only 4% decline in HSI during the same period, Macquarie said in its report.

The research house evaluated market concern, on which the conclusion is that now is good entry point for the stock given appealing long-term growth prospect.

The research house trimmed the target price on the insurer by 6% to $105 from $112 with rating retained at Outperform on undemanding valuation.

Source: AAStocks Financial News
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Re: Ping An 2318

Postby winston » Wed Aug 22, 2018 7:59 am

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Ping An Insurance profit beats expectations as new sales and technology development drive growth

China’s second-largest life insurer reports a 34 per cent rise in net profit for the first half of this year

The value of its new business – a major indicator of growth for insurance companies, was 38.75 billion yuan, little changed from 38.67 billion yuan a year earlier.

Profit from the life and health insurance business reached 34.33 billion yuan, up 44.2 per cent year on year.

Ping An has also invested in start-ups and has raised four unicorns – companies with valuations over US$1 billion. Of the four, it spun off Ping An Good Doctor, officially known as Ping An Healthcare and Technology, in April.


Source: SCMP

https://www.scmp.com/business/companies ... technology
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Re: Ping An 2318

Postby winston » Mon Sep 03, 2018 10:34 am

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PING AN(2318)

Analysis:

In 1H18, Ping An achieved an operating profit attributable to shareholders of RMB59.3bn (+23.3% yoy).

Net profit increased 31.9% yoy to RMB64.7bn. Net profit attributable to shareholders rose 33.8% yoy to RMB58.1bn.

Given the fast growth in operating profit, Ping An is increasing cash dividends. An interim dividend of RMB0.62 per share will be paid in cash, up 24.0% yoy.

The number of retail customers saw a strong growth of 25.2% yoy to 179mn. Each customer held 2.39 contracts on average, up 4.8% yoy.

Operating profit per customer rose by 2.5% yoy to RMB281. The life and health insurance business recorded an operating profit of RMB35.6bn (+24.7% yoy). Net profit rose 44.2% yoy to RMB34.4bn. The NBEV grew by 0.2% yoy to RMB38.7bn amid industry restructuring. The unannualized ROEV reached 17.6%. Sales agents increased by 5.5% yoy to 1.399mn.

Strategy:
Buy-in Price: $75.60, Target Price: $90.00, Cut Loss Price: $68.00

Source: Phillips
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Re: Ping An 2318

Postby winston » Mon Oct 15, 2018 11:27 am

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<Research Report>Macquarie Retains PING AN (02318.HK) as Top Pick; Expects End-Oct Results Catalyst

Macquarie's report had it that PING AN (02318.HK)'s recent improvements in earnings and dividend payout are still under-estimated.

It was expected that the 3Q18 results to be announced in end-October, as well as fintech investor day on 7 November, will be catalysts.

The broker retained PING AN as its industry top pick, who was kept Outperform at the target price $110.

Source: AAStocks Financial News
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