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China Reinsurance (Group) Corporation (HKG:1508) Analysts Are Reducing Their Forecasts For This Year
China Reinsurance surged more than 11% on strong trading, bringing joy to investors.
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.
HK stocks surge | China Reinsurance (01508) rises more than 7%, expected to see a year-on-year increase in net profit attributable to shareholders of approximately 150% to 200% in the first half of the year.
China Reinsurance (01508) rose more than 7%, as of press time, rose 7.69%, to HKD 0.56, with a turnover of 4.8967 million Hong Kong dollars.
Gelonghui announcement selection (Hong Kong stock) | China Reinsurance (01508.HK) announces profit increase: expected net profit in the first half of the year to increase by about 150% -200% year-on-year.
China Reinsurance (01508.HK) announced good news: it is expected that the net income in the first half of this year will increase by about 150%-200% year-on-year. China Reinsurance (01508.HK) announced that according to the company's preliminary calculations, the net income attributable to shareholders of the parent company of the Group in the first half of 2024 is expected to increase by about 150% to 200%. The main reason for the group's performance increase in the first half of 2024 is: adhering to the business philosophy of "developing on a scale, underwriting increasing efficiency, and investing in a steady and prudent manner", and balancing underwriting and investment efforts to achieve continuous improvement in underwriting performance and year-on-year growth in investment income. [Important News] Longhui International.
China Reinsurance (Group) Foresees Up to 200% Surge in H1 Profit
China Re's H1 2024 Profit Expected to Soar
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