No Data
ZhongAn Online P & C Insurance Co., Ltd.'s (HKG:6060) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Za Online (06060.HK) will hold a board of directors meeting on August 27 to approve the interim performance.
On July 22nd, GeLongHui announced that the board of directors of za online (06060.HK) will hold a board meeting on August 27th, 2024 (Tuesday) to consider and approve the group's performance for the six-month period ending on June 30th, 2024, propose interim dividends (if any), and handle other matters.
ZA ONLINE: DATE OF BOARD MEETING
The insurance sector is generally rising. PICC P&C (02328) rose by 3.68%. Institutions indicated that the net income of life insurance is expected to improve quarter by quarter due to the low base.
Insurance stocks generally rose, with PICC P&C up 3.68%, China Pacific Insurance up 3.44%, Prudential, China Life Insurance, PICC Group, and za online up more than 1%. Open Source Securities Research Report pointed out that the life insurance liability side has a good business environment, and net profits are expected to improve quarter by quarter under a low base, the industry's debt cost is expected to continue to decline, and the stable stage of the asset side interest rate spread loss is expected to improve. We remain bullish on investment opportunities in the life insurance sector and focus on mid-year reports, long-term interest rates, and July policies.
ZhongAn Online P&C Insurance Logs Over 15.2 Billion Yuan in H1 Gross Written Premiums
In the first half of the year, za online (06060.HK) had a total original insurance premium income of 15.239 billion yuan.
On July 12th, Gelunhui announced that the total amount of original insurance premiums received by za online from January 1, 2024 to June 30, 2024 was approximately RMB 15.239 billion.
No Data
Franklin Tok : From article, it loss 83% share price over 3 years. Do be aware that it is under bear 3 market!
For similar stock, Lemonade in US facing loss > 90% even though in bull 3 market!
One of main reason incur loss by ZA Online was RMB depreciated against USD/HKD, do be ware that actual biz/revenue in RMB but reported in HKD (listed in HKSE)
So, it is selective or comparative bias?
娜娜的粉丝 Franklin Tok : In this kind of market that can only follow the direction of the Party, can you know how much of Zhongan's premium income reserves is forced to invest in Chinese real estate bonds? And how many CITI bonds must be backed up?