$PING AN (02318.HK)$Target price HKD77 Similar business model as$Berkshire Hathaway-B (BRK.B.US)$. It has strong brand value in insurance industry, basically used to roll cash for investment. With CCP stimulus boosting, it can pledge its secured insurance policy to borrow money from banks at super low rate. Additionally, it can also pledge its own stock to borrow money to repurchase its own stock or other blue chips and pledge again to repeat! it keeps ...
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104255742
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but why is it not buying back its own shares?
Mr Worldwide 世界仔
OP104255742
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debt to equity at 1.3, it has limited room to take on more debt. it is not worth to repurchase its stock which main business is insurance.
HappyGotLucky
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That's not the point. Div has not even expires... dip even before expiry means that it still has to deduct 1.755 from the price later. Think positively, buy now and you will get more than 2 shares
Similar business model as $Berkshire Hathaway-B (BRK.B.US)$ . It has strong brand value in insurance industry, basically used to roll cash for investment. With CCP stimulus boosting, it can pledge its secured insurance policy to borrow money from banks at super low rate. Additionally, it can also pledge its own stock to borrow money to repurchase its own stock or other blue chips and pledge again to repeat! it keeps ...
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