|Bid||82.050 x 0|
|Ask||82.100 x 0|
|Day's Range||81.250 - 83.300|
|52 Week Range||42.150 - 98.850|
|PE Ratio (TTM)||13.71|
|Forward Dividend & Yield||1.82 (2.17%)|
|1y Target Est||N/A|
As Hong Kong welcomes listings from unprofitable tech companies, investors need to get used to some new valuation metrics.
Ping An Healthcare and Technology Co Ltd, a unit of Ping An Insurance (Group) Co of China Ltd (2318.HK) , plans to raise up to HK$8.77 billion (797.8 million pounds) in a Hong Kong initial public offering to help expand its e-commerce business. The unit, also known as Ping An Good Doctor, plans to sell a total of 160.09 million shares at up to HK$54.80 apiece, it said in a filing to the Hong Kong bourse on Monday. In January, Reuters reported that Ping An Insurance had raised nearly $1 billion for a medical data collection and analysis business ahead of a Hong Kong IPO.
Investors may just have found the reason they need to keep on pushing two of Hong Kong's best-performing blue chips higher. After more than doubling in 2017, shares of Tencent Holdings Ltd. and Ping An Insurance Group Co. have lost momentum. Tencent is valued at 36 times estimated 2018 earnings -- 56 percent more expensive than Facebook Inc. Ping An's Hong Kong stock, meanwhile, is trading at a rare premium to its yuan-denominated shares in Shanghai, a sign of global investors' enthusiasm.
Ping An Good Doctor, a unit of China’s biggest insurer by market value, attracted cornerstone investors including GIC Pte and Khazanah Nasional Bhd. to a Hong Kong initial public offering that could raise ...
April 20 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start RIC Company Event Name Time(GMT) 26-Apr-2018 NTS 0688.HK China Overseas Land & ...
Better known for its dominance in China's insurance market, the Ping An Insurance group has been making headway in the technology space with Ping An Technology.
SHANGHAI (Reuters) - People's Insurance Group of China (PICC) (1339.HK), which owns the nation’s biggest non-life insurer, is targeting raising more than $1.6 billion (1.13 billion pounds) through a Shanghai ...
Ping An Insurance (Group) Co., China’s largest insurer by market value, is starting preparations for an initial public offering of its OneConnect financial management portal that could raise as much as ...
March 21 (Reuters) - Shanghai Stock Exchange : * FILING SHOWS BLOCK TRADE OF PING AN INSURANCE GROUP'S 6.87 MILLION SHARES INVOLVING 486.1 MILLION YUAN ON MARCH 21 Source text in Chinese: http://bit.ly/2yJZikT ...
James Garner, Ping An Group chief strategist, discusses the company's investment strategy with Bloomberg's Yvonne Man and Betty Liu on "Bloomberg Daybreak: Asia." Steven Lam, Bloomberg Intelligence ...
The $100 billion question for the world’s second-largest insurer: is it an insurance firm or is it a technology firm?
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Tuesday posted a forecast-beating 43 percent jump in annual net profit, boosted by strong growth in its life insurance business. Written premiums for life insurance climbed 27 percent to 475.9 billion yuan, from 373.78 billion yuan, while profits from life and health insurance soared 44 percent, hitting 36.1 billion yuan.
SHANGHAI, March 20 (Reuters) - Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Tuesday posted a forecast-beating 42.8 percent jump in annual net profit, boosted by ...
After looking at Ping An Insurance (Group) Company of China Ltd’s (SEHK:2318) latest earnings announcement (30 September 2017), I found it useful to revisit the company’s performance in the pastRead More...
Feb 9 (Reuters) - Shanghai Stock Exchange : * FILING SHOWS BLOCK TRADE OF PING AN INSURANCE GROUP CO OF CHINA LTD'S 20 MILLION SHARES INVOLVING 1.26 BILLION YUAN ($200.12 million) ON FEB 9 Source text ...
The venture capital arm of China's largest insurer, Ping An, is targeting raising up to $1.3 billion in two healthcare-focused funds that will seek growth-stage and pre-IPO investments, said a person with direct knowledge of the matter. Ping An Ventures, set up in 2012, focused on early-stage investments in its first few years. The new funds will deepen the group's push into the healthcare sector and build up its firepower for later-stage investments, at a time when valuations in the fast-growing tech and healthcare industries have spiked.
New York-area startups and venture capitalists are making funding deals with the hopes of creating the next profitable company. Who gets : Medical device maker Tyto Care raised a new round of funding . Who invests : Ping An Insurance Group Company of China’s Global Voyager Fund led the effort.
Apr.17 -- Bloomberg's Jeanette Rodrigues reports on what is driving Chinese insurer Ping An's share discount. She speaks with Bloomberg's Haidi Lun on "Bloomberg Markets."
Mar.20 -- Bloomberg Intelligence's Asia Insurance Analyst reports on Ping An's investment strategy. He speaks on "Bloomberg Markets."
Mar.20 -- James Garner, Ping An Group chief strategist, discusses the company's investment strategy with Bloomberg's Yvonne Man and Betty Liu on "Bloomberg Daybreak: Asia." Steven Lam, Bloomberg Intelligence Asia insurance analyst, also comments.