U.S. markets closed

Ping An Insurance (Group) Company of China, Ltd. (2318.HK)

HKSE - HKSE Delayed Price. Currency in HKD
Add to watchlist
96.650-0.950 (-0.97%)
At close: 4:08PM HKT
Full screen
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close97.600
Bid96.600 x 0
Ask96.650 x 0
Day's Range95.300 - 97.300
52 Week Range69.000 - 103.600
Avg. Volume34,063,630
Market Cap1.817T
Beta (5Y Monthly)0.96
PE Ratio (TTM)10.28
EPS (TTM)9.398
Earnings DateN/A
Forward Dividend & Yield2.57 (2.66%)
Ex-Dividend DateApr 22, 2021
1y Target Est99.27
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
    View more
    • FactSet and Ping An to Offer Investors ESG Content and Analytics on Chinese Companies

      FactSet and Ping An to Offer Investors ESG Content and Analytics on Chinese Companies

      NORWALK, Conn. and SHANGHAI, China and HONG KONG, March 04, 2021 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information and analytical applications, and Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An”, HKEX: 2318; SSE: 601318) today announced a joint offering for investors considering environmental, social and corporate governance (ESG) metrics for companies incorporated in China. The offering will be launched by FactSet and Ping An’s associate company OneConnect Financial Technology Co., Ltd. (hereafter “OneConnect”, NYSE:OCFT), a leading technology-as-a-service platform for financial institutions in China. FactSet will integrate OneConnect's artificial intelligence (AI)-driven ESG content sets into its workstations, standard data feed, and application programming interfaces (APIs) to accelerate the availability of ESG metrics for over 3,500 Chinese class A-share companies. OneConnect offers comprehensive coverage of ESG factors and assessments for companies listed on the Shanghai and Shenzhen Stock Exchanges. These factors are derived from a combination of different sources of information obtained by AI technologies, such as natural language processing (NLP). OneConnect also provides a range of analytics tools in addition to the content that will be integrated into FactSet, such as NLP-driven disclosure transparency assessments, portfolio sustainability performance evaluation and adjustment, and a climate risk evaluation tool to help investors better integrate ESG measurements into their investment processes. “ESG investing is accelerating globally and client demand is high for information on companies in China,” said Tom Griffiths, Senior Vice President, Asia Pacific, FactSet. “Working with Ping An to strengthen FactSet’s ESG offering is an exciting step as we further expand integrated workflow solutions for our global client base. Combining OneConnect’s leading content with FactSet’s suite of applications will offer investment professionals a differentiated perspective on ESG impacts in the Chinese market.” “We are excited to build this partnership with FactSet,” said Ye Wangchun, Chairman and CEO of OneConnect. “By integrating OneConnect's AI-ESG information sets into FactSet's powerful investment data and technology platform, investors can expand both the breadth and depth of their ESG investments, drawing on a broader set of China-focused ESG content and tools.” OneConnect’s ESG content will be available in the coming months in the FactSet workstation as well as via standard data feed and APIs. For more information, please visit: https://www.factset.com/solutions/business-needs/esg-solutions. About FactSet FactSet® (NYSE:FDS | NASDAQ:FDS) delivers superior content, analytics, and flexible technology to help more than 138,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset. About Ping An Group Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) is a world-leading technology-powered retail financial services group. With over 218 million retail customers and 598 million Internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two over-arching domains of activity, “pan financial assets” and “pan health care”, covering the provision of financial and health care services through our integrated financial services platform and our ecosystems; in financial services, health care, auto services and smart city services. Our “finance + technology” and “finance + ecosystem” transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China’s first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai. In 2020, Ping An ranked 7th in the Forbes Global 2000 list and ranked 21st in the Fortune Global 500 list. Ping An also ranked 38th in the 2020 WPP Kantar Millward Brown BrandZ™ Top 100 Most Valuable Global Brands list. For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN. About OneConnect OneConnect is a leading technology-as-a-service platform for financial institutions in China. The Company’s platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company’s solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company’s customers’ digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs. Our technology-as-a-service platform strategically covers multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses – from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services. CONTACT: FactSet Media Jennifer Berlin +1 617 330 4122 jennifer.berlin@factset.com Media & Investor Relations Contact: Rima Hyder +1 857.265.7523 rima.hyder@factset.com Ping An Media Gareth Hewett gareth.john@pingan.com.hk OneConnect Media Ying Zhou zhouying150@ocft.com

    • China Fintech Curbs That Hit Ant Were No Surprise: Ping An

      China Fintech Curbs That Hit Ant Were No Surprise: Ping An

      (Bloomberg) -- China’s curbs on fintech that thwarted a massive stock sale by Ant Group Co. have been under consideration for years and weren’t a surprise to those in the industry, according to an executive at China’s biggest insurer by market value.Like Ant, Ping An Insurance (Group) Co. was in the midst of planning a public listing for a fintech unit when regulators began issuing a flurry of rules to contain the country’s burgeoning online lending industry. Its Lufax Holding Ltd. debuted on the New York Stock Exchange days before the most-sweeping checks were unveiled in November, followed closely by the abrupt suspension of Ant’s initial public offering.While the string of tightening moves has prompted investors to dump Chinese tech stocks and led to deep cuts in valuations, industry players saw them coming, Jessica Tan, co-chief executive officer of Ping An said in an interview. Tan, 43, oversees Ping An’s technology units including Lufax and OneConnect Financial Technology Co.“Chinese regulators don’t suddenly throw a regulation at you and say ‘we will do this,’” Tan said while on a visit to her native Singapore. “Every regulation that has been announced, it’s not a surprise to any of us, including Ant. Ant knows these regulations as well.”Despite the warnings, global investors and bankers were caught off guard when the authorities derailed Ant’s planned $35 billion IPO on the eve of its listing, pointing to the changed regulatory environment. The IPO had created a frenzy, with orders topping $3 trillion and shares in the gray market trading at a 50% premium to the offer price.Ant, Lufax and their rivals must now comply with new rules that curb expansion and force firms to boost capital to finance lending.“These regulations have been discussed for the past two years, so all of us know” them, Tan said, citing warnings in Lufax’s public offering documents. “For us, we’ve already complied with the regulations, so we don’t expect any change.”Lufax WarningLufax warned in its prospectus that China’s retail credit and wealth management industries “may not develop as we anticipate,” and the regulatory frameworks “remain uncertain for the foreseeable future.”During a roadshow before the listing in October, the company said it planned to increase the proportion of loan risk it bears with lending partners to 20% from 2% because of potential regulatory demands, people familiar have said.Proposed online micro-lending rules announced on Nov. 2 called for platform operators to provide at least 30% of the funding for loans extended jointly with partners including banks. Ant’s IPO was halted the next day, just two days before the planned listing in Hong Kong and Shanghai.Ant, Jack Ma’s fintech juggernaut, wasn’t aware of the draft regulations until they were published to solicit public comments, the company said in a emailed statement. The company had fully disclosed in its prospectus all known material risks, including those relating to potential regulatory changes, Ant said.The document carried lengthy warnings about China’s “highly complex, continuously evolving” regime, and also outlined Ant’s response at the time to draft rules on financial holding companies that would be subject to additional scrutiny.China’s regulatory clampdown continues to weigh on its fintech sector as more rules are rolled out. Authorities announced new requirements on co-lending last month, capping the business at no more than 50% of banks’ outstanding loans. The New York-traded shares of both Ping An units tumbled last week, joining a tech sell-off.As the price movements show, “investors are still worried about regulatory tightening,” said Kevin Kwek, a Singapore-based analyst at Sanford C. Bernstein. While the latest rule impacts Ant more due to its size, “investors generally expect that tightening isn’t quite done yet.”Last month’s requirements on online lending were released only after officials “fully” sought feedback from various types of financial institutions, which widely recognized the rule changes, the banking regulator said last week. The agency will continue to close loopholes in its regulatory system to better prevent risks, it said in a statement on its website.Lufax, which was once among China’s largest peer-to-peer lenders, was forced to morph into a financial giant offering wealth management and retail lending after Chinese authorities launched a sweeping crackdown on the P2P sector three years ago.Profit JumpLufax reported a 17% jump in fourth-quarter profit as tax expenses dropped, even after cutting loan rates for borrowers to comply with relevant new rules. It also gave guidance for a 48% surge in net income for the first quarter from the previous three months.Shenzhen-based Ping An has been growing in other parts of Asia and beyond. OneConnect Financial has expanded into 14 countries, most recently in Abu Dhabi, the Philippines and Malaysia. The firm is looking to hire about 100 people in Southeast Asia, adding to a staff of 400, after revenue grew about 40% last year, she said.“The big trend is that all financial institutions will increasingly spend more and more on technology,” said Tan, who built the fintech unit about five years ago. OneConnect will help fill the gap with software and innovation for firms that aren’t able to do it all themselves, she said.(Updates with regulator comment in 15th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    • PR Newswire

      Ping An Bank No. 1 in Euromoney's Survey for China Family Office Services

      Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 02318; SSE: 601318) announced its subsidiary Ping An Bank (SZ:000001) topped the rankings in Euromoney's Annual Global Private Banking and Wealth Management Survey for Best China Family Office Services. The recognition reflects Ping An's market-leading technological capabilities and professional personalized services in private banking, tailored for Chinese families.