Ping An Insurance (02318): Long-term service plan for the year 2024 has not yet implemented the share purchase.
Ping An Insurance (02318) announced that as of the date of this announcement, the company's long-term service plan for 2024 has not yet been implemented...
Express News | JPMorgan Chase & Co's Long Position in H-Shares of Ping an Insurance Increases to 6.16% on July 15 From 5.51% - HKEX
China Merchants Securities: There may still be room for a reduction in life insurance reserve interest rates, will continue to be bullish on the sector's opportunities in the mid-year report.
Benefiting from the sustained supply and demand of savings insurance, it is expected that the NBV growth rate of listed insurance companies in the first half of 2024 will be above double digits and profits are also expected to increase.
Haitong Securities: Strengthen product and service supply to create a comprehensive ecological system of 'insurance + retirement.'
Basic retirement insurance has a wide coverage, but currently faces significant payment pressures. As of the end of 2023, the number of participants in basic retirement insurance accounted for 76% of the total population that year, and has entered a phase of slow growth. In addition, the accumulated surplus is largely dependent on subsidies from various levels of government finance. According to the calculations of the Chinese Academy of Social Sciences, the accumulated surplus will be completely exhausted by 2035.
[Brokerage Focus] Bocom Intl indicates that investment in insurance stocks still needs to continue to focus on the asset side. Currently, the valuation of the life insurance industry is low.
According to BOCOM Intl, in the first half of 2024, Xinhua's life insurance premium decreased by 8.4%, Taibao's by 1.2%, PICC's remained unchanged, while China Life and Ping An increased by 4.1% and 5.1%, respectively. The total premium growth of the five listed companies was 2.1%, and the premium growth rate continued to trend upwards. In the first half of 2024, premium for PICC, Ping An and Taibao's property insurance increased by 3.7%, 4.1% and 7.7% YoY, while premium for their car insurance increased by 2.5%, 3.4% and 2.8% respectively, all of which were higher than in 2023.
Ping An Insurance (02318.HK) will distribute a cash dividend of RMB 1.50 per share.
On July 18th, Gelunhui reported that Ping An Insurance (02318.HK) announced a cash dividend of RMB 1.50 (including tax) per share. The ex-dividend date is July 25th, 2024, and the dividend payment date is July 26th, 2024.
Express News | Morgan Stanley Increases Long Position in H-Shares of Ping an Insurance to 6.58% on July 15 From 0.70% - HKEX
CMB International: Maintains a "buy" rating for Ping An Insurance (02318) with a target price of HKD 52.
According to China Merchants Securities International's estimate, the core solvency adequacy ratio of Ping An Life Insurance is expected to increase by 6.4 percentage points to 125% based on the lowest capital scale in the first quarter of 2024.
Northbound funds trend: net selling of 0.316 billion yuan, domestic capital grabbed over 1.2 billion yuan to invest in Tencent (00700), and sold petroleum stocks and Hong Kong ETFs all day.
On July 17th, the Hong Kong stock market net-sold 316 million Hong Kong dollars, with a net buy-in of 1.715 billion Hong Kong dollars for the Hong Kong Stock Connect (Shanghai) and a net sell-out of 2.031 billion Hong Kong dollars for the Hong Kong Stock Connect (Shenzhen).
Ping An Healthcare (01833) rose by 10%, leading the digital health sector! The results of promoting the "medical retirement" global strategy are gradually showing.
On July 17th, Ping An Healthcare (01833) rebounded significantly, leading the way in the digital health sector.
[Special columnist] Deng Shengxing: Mainland China's economic growth in the second quarter is weaker than expected, and Hong Kong stocks lack data support.
On Tuesday (16th), the Hang Seng Index closed at 17,727, down 287 points or 1.6%. The total daily turnover of the market was 94.243 billion yuan. The national index fell 1.6% to 6,316; the science and technology index fell 1.4% to 3,622. Blue chips were under pressure as a whole, with China Construction Bank (00939) falling 2.7%; Ping An (02318) issued convertible bonds worth 3.5 billion U.S. dollars, with a full-day drop of 5.4%, performing the worst among blue chips. The Dow Jones Industrial Average closed at 40,954, up 742 points or 1.85% on Tuesday (16th). The S&P 500 rose 0.64% to 5,667 points; the Nasdaq rose 0.2% to 18,509.
Ping An Insurance Shares Drop in Wake of $3.5 Billion Convertible Bond Plan
By Jiahui Huang Ping An Insurance's shares fell after the Chinese insurance giant said it would raise US$3.5 billion via an issuance of convertible bonds to fortify its capital position and support
Ping An Insurance plans to issue convertible bonds, and the stock price hit a new low since April this morning.
ATFX Ping An (02318.HK) stock price opened down 2.22% today and fell by almost 4%. The company announced its plan to issue $3.5 billion convertible bonds with an annual interest rate of 0.875%, due in 2029 with an initial conversion price of HKD 43.71 per H share, representing a premium of about 21.25% over yesterday's (15th) closing price of HKD 36.05. The bonds can be converted into approximately 0.625 billion shares, accounting for 7.74% of the enlarged H shares and 3.32% of the company's issued share capital. The net proceeds from the bond issuance will be used by the company to satisfy its future business with a financial business core.
UBS Group: buy rating given to Ping An Insurance (02318), with a target price of HKD 56.
UBS Group expects Ping An Insurance (02318) to increase its net profit after tax by 7% year-on-year in the first half of this year.
Huaxi Securities: Traditional insurance remains the main focus of insurance sales. Dividend insurance continues to be launched and the health insurance layout is further improved.
Currently, assets are still an important factor in suppressing the valuation of insurance companies. In a low-interest-rate environment, it is expected that insurance companies will successively reduce the interest rates of traditional insurance products and continue to launch bonus-based and universal insurance products to reduce the pressure of "interest differential losses", while also increasing the layout of health insurance to increase "mortality differential gains".
Deng Shengxing, a special V, said that the mainland's second quarter economic growth was worse than expected and that Hong Kong stocks were unable to rise.
CCTV finance news | The Hang Seng Index closed at 18,015 on Monday (15th), down 277 points or 1.52%. The city's total trading volume was HKD 91.1 billion. The national index fell 1.7% to 6,421; the technology index fell 2.9% to 3,672. Blue-chip stocks were under pressure, with China Construction Bank (00939) down 0.7%; Ping An Insurance (02318) reported a 5% increase in premium income in the first half of the year, but its stock price fell 2.2%; network technology stocks were also under pressure. Tencent (00700) fell 1.7%; both Meituan (03690) and Alibaba (09988) fell 2.2%; the Dow Jones Industrial Average closed at 40,211 on Monday (15th), up 2.
Ping An Insurance (Group) to Issue $3.5 Billion Convertible Bonds
Ping An Insurance (Group) Company of China (HKG:2318, SHA:601318) plans to issue $3.5 billion convertible bonds due 2029, according to a Tuesday filing on the Hong Kong bourse.The bonds will carry a 0
Ping An Insurance (02318.HK): It plans to issue $3.5 billion in 0.875% convertible bonds due in 2029 based on a general authorization.
On July 16th, Gelonhui reported that Ping An Insurance (02318.HK) announced that on July 15th, 2024, the company entered into a subscription agreement with an agent (namely Morgan Stanley Asia Limited, J.P. Morgan Securities (Asia Pacific) Limited and Ping An Securities (Hong Kong) Limited). According to the subscription agreement, (including) the company has agreed to issue or issue according to the agent's instructions, and the agent has separately (rather than jointly) agreed to subscribe and pay or induce subscribers to subscribe and pay bonds, subject to recognition.
OneConnect in Forced Divorce From Parent Ping An
Key Takeaways: OneConnect will shutter its cloud services division, which accounted for nearly half its revenue, after losing most of its customers for the businessThe development underscores a
Hong Kong Stock Exchange Announcement | The passenger turnover of the three major airlines in June increased year-on-year. Vanke's key management personnel completed the shareholding plan of 200 million yuan.
[Important] Sino Biopharm (01177): Type 1 innovative drug Rovadicitinib (TQ05105) new drug application has been accepted. Feiteng Cloud Dynamics (06610) intends to jointly invest with Neeo Fund, Hainan Lingshui Equity Investment, and Beijing Quanshi World Online Network Information to establish the Zhixuan Navigation Fund. Ganfeng Lithium (01772) intends to transfer 10% equity of Jintai Potash for 0.4 billion yuan. Ping An Insurance (02318) intends to issue US dollar-denominated convertible bonds. [Financial Report] Metallurgical Corporation of China (01618) signed new contracts worth 677 million yuan from January to June.