China reinsurance (1508.HK) bucked the trend and rose 11.5%, with a price of HKD 0.58 and significantly increased trading volume of HKD 17.23 million, with a total market value of HKD 24.3 billion. The company released positive earnings last Friday after the market closed, with net income attributable to shareholders expected to increase by about 150% to 200% compared to the same period in 2023.
During the reporting period, the growth was mainly due to the company's adherence to the business philosophy of developing in a scale-oriented manner, increasing benefits from underwriting, and pursuing sound investment strategies. Balanced efforts were made in underwriting and investment to achieve sustained improvement in underwriting performance and an annual increase in investment income.
