- Barrons.com•3 days ago
Chinese insurance companies are poised to issue profit warnings, warned CLSA. Insurance companies face two major challenges this year. As the People's Bank of China cut its benchmark interest rates to boost the economy, insurance companies have a harder time finding reasonable yields for their life insurance policies.
- Bloomberg•last month
Australia’s Telstra Corp. completed the sale of a 47 percent stake in Chinese website Autohome Inc. to Ping An Insurance Group Co. for $1.6 billion, though continues to face litigation over the deal.
- Barrons.com•last month
Shares of Nu Skin Enterprises (NUS) are soaring today after the multi-level market of personal care products and nutritional supplements received a $210 million investment from a Chinese firm and offered upbeat guidance. Stifel's Mark Astrachan and Claire Chamberlin are puzzled by the deal--and doesn't believe Nu Skin deserves a premium valuation when compared to peers (think companies like Herbalife (HLF) and USANA Health Sciences (USNA): After the close, Nu Skin Enterprises announced a $210mm strategic investment from a consortium of Chinese investors, including a subsidiary of Ping An Insurance Company of China. The investment consists of 4.75%, four-year convertible senior notes with an initial conversion price of $46.50 per share and includes the right to a board seat by a consortium member.
Ping An Insurance (Group) Company of China, Ltd.HKSE
|52wk Range||30.50 - 48.20|
|Day's Range||35.95 - 36.65|
|Avg Vol (3m)||27,713,097|
As of 4:09 AM EDT. Market closed.