Express News | Morgan Stanley's Long Position in H-Shares of Ping an Insurance Decreases to 2.17% on July 22 From 7.40% - HKEX

ReutersJul 25 05:10 ET

Express News | Tongda Group - Unit to Subscribe for Ping an Bank Wealth Management Product for RMB44 Mln

ReutersJul 25 04:33 ET

Zhongyuan Mortgage: In June, there were 33 recorded cases of Hong Kong mortgage retirement, an increase of 50% from the previous month.

According to the data from the Central Plains Mortgage Research Department and the Land Registry, Hong Kong recorded 33 retirement mortgage registrations in June, a 50% monthly rebound.

Zhitong FinanceJul 25 01:52 ET

BOCOM Intl: Maintains Buy Rating on Ping An Insurance with a Target Price of HKD 51.

Bocom intl released a research report and maintained a "buy" rating on Ping An Insurance (02318), with a target price of HKD 51. The bank expects that the new business value of Ping An Insurance will increase by 12% annually in the first half of 2024, mainly due to the increase in the new business value rate compared to the same period last year, and the estimated annual growth of the new business value in the second quarter is 2%, which slows down from the first quarter due to a high base. In addition, Bocom intl expects the company's profit growth rate to rebound in the second half of this year.

新浪港股Jul 24 22:33 ET

[Brokerage Focus] Bocom Intl maintains a buy rating on Ping An Insurance (02318), and expects the new business value to increase by 12% year-on-year in the first half of the year.

Bocom Intl released a research report stating that it is expected that the new business value of Ping An Insurance (02318) in the first half of 2024 will increase by 12% year-on-year, mainly due to the increase in the new business value ratio year-on-year. It is expected that the new business value will increase by 2% year-on-year in the second quarter, and the growth rate will slow down compared to the first quarter due to the high base. The bank expects the comprehensive cost ratio of property insurance in the first half of the year to be 99.4%, an increase of 1.4 percentage points year-on-year, mainly due to the slowing growth of auto insurance and the impact of natural disasters. However, it fell back slightly by 0.2 percentage points month-on-month, and the drag of credit guarantee insurance weakened. The bank expects the company's OPAT to grow year-on-year in the first half of the year.

金吾財訊Jul 24 20:37 ET

Express News | JPMorgan Chase's Long Position in H-Shares of Ping an Insurance Decreases to 7.97% on July 18 From 8.42% - HKEX

ReutersJul 24 05:26 ET