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China Stimulus Trade to Pick up in Stocks by Late-Nov, JPM Says
kweichow moutai's mid-term dividend is 30 billion yuan. The earliest buyback can be initiated on the 28th of this month. | Quick announcement.
1. Kweichow Moutai plans to distribute a mid-term dividend of 23.882 yuan per share (including tax), with a total cash payment of 30 billion yuan, which meets expectations; 2. In the afternoon of the 27th of this month, Kweichow Moutai will convene a shareholder meeting to deliberate on the repurchase matters, and it is expected to smoothly obtain shareholder approval, meaning that the company can start the repurchase process as early as the next day; 3. Recently, several brokerages have lowered their expectations for Kweichow Moutai's performance growth in 2025, generally expecting around 10%-11%.
byd company limited firmly holds the iron throne
Intensifying competition.
Byd company limited's financial insurance performance report for the first three quarters: average vehicle premium has dropped to 4700 yuan, single-quarter premium surged by nearly 0.5 billion but still difficult to make profit.
①BYD Company Limited's insurance business achieved insurance business revenue of 0.478 billion yuan in the third quarter, a staggering increase of 611.09% compared to the previous quarter; ②In the third quarter, BYD Company Limited's insurance business incurred a net loss of 0.106 billion yuan, a shift from profit to loss compared to the second quarter; ③In the first three quarters of 2024, BYD Company Limited's average vehicle insurance premium reached 4700 yuan, a decrease of 200 yuan compared to the previous period.
China's New Stock Accounts Hit Nine-Year High as Market Booms
Is there another 'wolf' entering the car insurance market? Following BYD Property Insurance, this Japanese-funded property insurance company has also been approved to enter the market, with shareholders including Toyota Motor behind the group.
①AI and Friese Day Same Wealth Insurance (China) Limited has been approved to change its business scope. The main newly added business scope is motor vehicle insurance, including compulsory motor vehicle traffic accident liability insurance and commercial motor vehicle insurance. ②AI and Friese Day Same Wealth Insurance (China) Limited is a core enterprise of the MS&AD Insurance Group. And Toyota Motor is one of the main shareholders of the MS&AD Insurance Group.
