China Taiping 0966

Re: China Taiping 0966

Postby winston » Fri Oct 12, 2012 7:34 am

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CHINA TAIPING (00966.HK) subsidiaries' premium income up 13.9% from Jan to Sep

CHINA TAIPING (00966.HK) announced the unaudited accumulated premium income of its subsidiaries for the first nine months rose 13.94% year-on-year to RMB33 billion.

In particular, the life insurance business rose 10% to RMB26.7 billion; property insurance business rose 30.5% to RMB5.6 billion; pension insurance business rose 74% to RMB700 million.


Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Fri May 08, 2015 11:42 am

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CHINA TAIPING (00966.HK) share price jumps 15%

Alibaba's chairman Jack Ma and TENCENT (00700.HK)'s chairman Ma Hua Teng was said to subscribe CHINA TAIPING (00966.HK) shares in a total amount of approximately $13.18 billion through placing yesterday.

CHINA TAIPING's stock opened up more than 5% this morning and breached above the 10-day and 20-day MA lines.

It last traded at $32.6, up 15%, on volume of 31.55 million shares.

Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Fri May 08, 2015 2:58 pm

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<Research Report>BofA Merrill Lynch maintains CHINA TAIPING(00966.HK) at Buy with target cut to $32.88

Bank of America Merrill Lynch said in a report that as CHINA TAIPING(00966.HK) indicated there will be no more capital raising for the next six months, the share-price overhang is removed.

Furthermore, mainland news reported that founder of Alibaba MA Yun and chairman of TENCENT (00700.HK) Ma Huateng would invest in CHINA TAIPING shares.

The broker remained confident of CHINA TAIPING's strong growth outlook.

The target price of CHINA TAIPING was cut from $34.04 to $32.88.

The company's valuation looked attractive as the current price was equivalent to 1.1x P/EV of 2015. A Buy rating was reiterated.


Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Wed Jan 27, 2016 6:59 pm

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CHINA TAIPING (00966.HK) Expects 2015 Profit to Surge by Over 50% YoY


CHINA TAIPING (00966.HK) -0.360 (-2.143%) Short selling $2.50M; Ratio 1.722% issued a positive profit alert.

Based on preliminary estimation by the company, the profit of the company for the year ended 31 December 2015 is expected to increase by more than 50% from the same period in 2014, mainly due to the persistent and healthy growth of the group’s insurance business; and the substantial increase in the realised gain from the group's investments.

Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Fri Aug 26, 2016 8:52 am

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State-owned insurer China Taiping Insurance Holdings (0966) saw net profit slumped by 47.1 percent to HK$3.1 billion in the first half but revenue from life insurance's new business soared 61.3 percent to HK%5.24 billion.

Total investment income slumped 47.9 percent to HK$9.35 billion hit by the weak stock market.

Basic earnings per share was 82.7 HK cents and no interim dividend was declared.

Source: The Standard
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Re: China Taiping 0966

Postby winston » Fri Jan 05, 2018 1:55 pm

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CHINA TAIPING Subsidiaries Jan-Nov Premium Income Up 23.7% to Nearly RMB132.8B

CHINA TAIPING (00966.HK) announced that for the first eleven months of this year, the gross premium income of its subsidiaries, Taiping Life Insurance Company Limited, Taiping General Insurance Company Limited and Taiping Pension Company Limited, totaled RMB132.854 billion, up 23.7% yearly.

Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Fri Jan 05, 2018 1:58 pm

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Nov 26, 2017


<Research Report>Daiwa Keeps CHINA TAIPING (00966.HK) at Outperform with Target Lifted to $35


Daiwa, in its report, said that CHINA TAIPING (00966.HK) has started the pre-sales of its insurance products on 23 November 2017.

The research house believed that listed insurers, in particular for Taiping Life, should be able to deliver better than expected sales volume.

It is believed that the market has been over-concerned about the headwinds from policies.

The research house raised the target price to $35 from $31 and lifted 2017-2019 projected EPS by 2-4%. The investment rating was maintained at Outperform.

Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Fri Jan 05, 2018 2:00 pm

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Nov 24, 2017

<Research Report>C Suisse: CHINA TAIPING Actively Expanding Agency Force; Confident of Sales Outlook

Credit Suisse said in its report that it invited insurers CHINA TAIPING (00966.HK) and CPIC (02601.HK) etc. to attend its Financial Corporate Day on 22 November.

The research house said CHINA TAIPING achieved excellent pre-sale results so far, despite challenges from the regulatory change.

The company planned to expand its agency force by 28% to 500,000 in the second half of this year and the manpower was expected to grow 60% to 800,000 next year.

Such plan reinforced Credit Suisse's confidence in the insurer's sales outlook in the medium term.

Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Fri Jan 05, 2018 3:09 pm

<Research Report>C Suisse Generally Lifts TPs on CN Insurers; Top Picks PING AN, CHINA TAIPING

Credit Suisse, in its report, said it remained confident of the growth outlook of Chinese insurance industry and expected the NBV to still see double-digit growth this year.

The research house kept Overweight on the industry, and raised EPS forecast by up to 16% on Chinese insurers.

Target prices of Chinese insurers were lifted by 4-15%, except CHINA LIFE (02628.HK).

The industry top picks were PING AN (02318.HK) and CHINA TAIPING (00966.HK).

Source: AAStocks Financial News
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Re: China Taiping 0966

Postby winston » Wed Jan 10, 2018 6:34 pm

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China Taiping is considered the main beneficiary given its low base with higher new money yield to provide upside to its 4.7% recurring yield

Along with higher equity investment amid positive market outlook, we expect it to deliver
positive investment variance

FY17-19F earnings raised by 6-17%; TP lifted to HK$42; Reiterate BUY for 32% potential upside


Credit spread in China continues to widen driven by higher liquidity premium and tighter liquidity

China Taiping is considered the main beneficiary given its low base with higher new money yield to provide upside to its 4.7% recurring yield

Along with higher equity investment amid positive market outlook, we expect it to deliver
positive investment variance

Target HK$42; Reiterate BUY for 32% potential upside

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"
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