|Bid||59.300 x 0|
|Ask||59.350 x 0|
|Day's Range||58.150 - 59.350|
|52 Week Range||38.000 - 60.750|
|PE Ratio (TTM)||15.26|
|Dividend & Yield||0.11 (1.53%)|
|1y Target Est||N/A|
Ping An Bank said last week that it plans to issue $3.9 billion of convertible bonds, and it is unlikely to be the last bank seeking fresh capital.
Credit Suisse has raised its price target on Chinese insurer Ping An (2318.HK) to HKD68 a share from HKD63 a share. The broker, which rates the stock an outperform, lifted the price target after raising its forecasts for growth in the value of new business (VNB) - which measures the present value of a contract's premiums - to 38% from 31% given the insurer's strong first half sales and on expectations of margin expansion. Here's why Credit Suisse is so upbeat: With disciplined product approach in 1H17, VNB margins should be maintained at a decent level.
Though fund managers say bets against insurer may go wrong