601318.SS - Ping An Insurance (Group) Company of China, Ltd.

Shanghai - Shanghai Delayed Price. Currency in CNY
87.73
-0.21 (-0.24%)
At close: 3:00PM CST
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Previous Close87.94
Open87.65
Bid87.72 x 0
Ask87.73 x 0
Day's Range87.35 - 88.17
52 Week Range54.94 - 92.47
Volume33,532,073
Avg. Volume60,611,710
Market Cap1.554T
Beta (3Y Monthly)1.07
PE Ratio (TTM)10.66
EPS (TTM)8.23
Earnings DateOct 28, 2019 - Nov 2, 2019
Forward Dividend & Yield1.85 (2.10%)
Ex-Dividend Date2019-09-04
1y Target Est83.33
  • Alibaba, Ping An Insurance Favored: Antipodes Partners
    Bloomberg

    Alibaba, Ping An Insurance Favored: Antipodes Partners

    Jul.17 -- Sunny Bangia, deputy portfolio manager at Antipodes Partners, talks about Chinese consumer stocks including Kweichow Moutai Co., the world’s most profitable distillery which reported a 26.6% increase in net profit. He speaks on n"Bloomberg Daybreak: Asia."

  • 4 Hang Seng Index Shares Set to be Hurt by the RMB’s Depreciation
    Motley Fool

    4 Hang Seng Index Shares Set to be Hurt by the RMB’s Depreciation

    The decline in China's RMB could take a bite out of the earnings of these four Hong Kong-listed companies. Here's what investors should know.

  • Goldman Sachs, China's Ping An back artificial intelligence firm H20.ai
    Reuters

    Goldman Sachs, China's Ping An back artificial intelligence firm H20.ai

    Goldman Sachs Group Inc, China's Ping An Global Voyager Fund and others have invested $72.5 million in H20.ai, a rapidly growing artificial intelligence startup, the companies said on Tuesday. Founded in 2012, California-based H20.ai is a software company that aims to make it easier for companies that lack the skilled workforce or time to adapt to the rapidly changing artificial intelligence landscape, Chief Executive and founder Sri Ambati said in an interview. Customers like Capital One Financial Corp, Wells Fargo & Co, Aetna and Booking.com can use H20's platform to automate model building, feature engineering and to pull valuable insights out of large amounts of the companies' proprietary data, Ambati said.

  • Thomson Reuters StreetEvents

    Edited Transcript of 601318.SS earnings conference call or presentation 16-Aug-19 2:00am GMT

    Half Year 2019 Ping An Insurance Group Co of China Ltd Earnings Presentation (Chinese, English)

  • Ping An Insurance says Hong Kong important hub despite mass protests
    Reuters

    Ping An Insurance says Hong Kong important hub despite mass protests

    HONG KONG/SHANGHAI (Reuters) - Ping An Insurance (Group) Co of China, the country's largest insurer by market value, said on Friday Hong Kong remains an important hub despite escalating mass protests, a day after it posted its strongest half-year profit growth in over a decade. Ten weeks of confrontations between police and pro-democracy groups have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997, and have presented the biggest popular challenge to Chinese President Xi Jinping in his seven years in power. "We continue to believe in Hong Kong as an important hub," said Jessica Tan, co-CEO of Ping An.

  • PR Newswire

    Ping An Reports Steady Growth of 23.8% in Operating Profit Attributable to Shareholders of the Parent Company in 1H 2019

    Ping An achieved steady overall and core business growth for the first half of 2019 with operating profit attributable to shareholders of the parent company rising 23.8% year on year to RMB73,464 million. Benefiting from an RMB10,453 million one-off gain from a tax law change on commission expenses in the period, net profit grew 63.3% year on year to RMB105,738 million and net profit attributable to shareholders of the parent company rose 68.1% year on year to RMB97,676 million. With continuing financial sector restructuring, the Company continued to transform toward high-value businesses and improved its business portfolio.

  • Ping An posts biggest jump in interim net profit since 2015, helped by a one-time tax benefit and a stock market rally in China
    South China Morning Post

    Ping An posts biggest jump in interim net profit since 2015, helped by a one-time tax benefit and a stock market rally in China

    Ping An Insurance (Group), China's largest insurer by value, posted the biggest jump in interim net profit since 2015, bolstered by a one-time tax benefit, a stock market rally and growth in its new business units.Net income soared 68 per cent to 97.7 billion yuan in the six months ended June 30, beating the 19 per cent increased expected in a Bloomberg survey of analysts. Revenue rose 17 per cent to 690.25 billion yuan (US$98 billion), while basic earnings per share rose 23.7 per cent to 4.12 yuan.The company, established three decades ago in China's technology hub of Shenzhen, is also one of China's largest financial conglomerates, involved in a range of businesses on top of insurance, including banking, wealth management, technology, health care online lending and virtual banking. According to Forbes' 2019 Global 2000 list, Ping An is the world's seventh-largest company by capitalisation, behind Apple and ahead of Royal Dutch Shell.SCMP GraphicsThe insurer made a one-time gain of 10.45 billion yuan from tax incentives on its life and property insurance businesses, which benefited from a new tax regime that kicked in three months ago.Operating profit, a better reflection of performance as it removes one-off items, rose 24 per cent, Ping An said. Operating profit on its core insurance business rose 36.1 per cent to 48.43 billion yuan, while income from property and casualty insurance jumped 69.5 per cent o 10.03 billion yuan.SCMP Graphics"As financial macro-control tightens, China is shifting the economic focus to high-quality development," said Peter Ma Mingzhe, founding chairman and chief executive of Ping An in the result statement. "We implement our ecosystem strategy steadfastly. We develop our technology business rapidly by building open platforms for pan financial assets and pan health care."Net profit from banking rose 15.2 per cent to 15.4 billion yuan. Ping An is HSBC's second-largest shareholder, with a 7 per cent stake.Ping An's net income was helped by China's stock market rally, where the Shanghai Composite Index had jumped 19.5 per cent in the first half, as the world's sixth-biggest gaining stock index. Total net investment income doubled to 93.86 billion yuan, as a result of increasing returns on its bond investment, higher dividend income and higher valuations from its stock holdings. Its securities business rose 31 per cent to 1.25 billion yuan.Profit margin widened, as Ping An focused on developing products that were more profitable, raising its new business value by 4.7 per cent, compared with 0.2 per cent a year ago.Ping An's shares rose for the second day in four, advancing by as much as 0.4 per cent to HK$87.20 in Hong Kong before earnings were announced.The company has also been a big investor in technology, making abundant use of artificial intelligence (AI) and big data analysis to enhance its car insurance, wealth management and even health care businesses. As many as 576 million internet users make use of Ping An's online platform at the end of June, 6.9 per cent more than the start of the year, the company said.Ping An OneConnect, the financial technology arm of Ping An which was awarded a virtual bank licence by the Hong Kong Monetary Authority (HKMA) in May, plans to provide the technology to help other financial institutions in the city manage fraud and loan default risks.The online population is a resource for Ping An, helping the insurer cross sell financial products to customers. Still, the operating profit from the technology business fell 28.9 per cent to 3.27 billion yuan, Ping An said.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • Ping An introduces doctor's AI assistant to Singapore
    PR Newswire

    Ping An introduces doctor's AI assistant to Singapore

    HONG KONG , July 23, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. (hereafter " Ping An " or the "Group", HKEX: 2318; SSE: 601318) announced that Ping An Smart ...

  • PR Newswire

    Ping An Ranked 29th in Fortune's 2019 Global 500, Top 4 in Financial Sector

    HONG KONG , July 22, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. (hereafter " Ping An " or the "Group", HKEx: 2318; SSE: 601318) ranked 29th this year in ...

  • Reuters

    Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources

    BEIJING/SHANGHAI (Reuters) - Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters. The move by Lufax to exit P2P, in which companies gather funds from retail investors and loan the money to small corporate and individual borrowers, is due to regulatory hurdles, two of the sources said, and comes amid China's crackdown on the business to contain broader financial risks. The sources said they did not know exactly when Lufax's P2P business would be shuttered, or how the outstanding business will be handled, but added that the company has already started the process of applying for a licence in consumer finance, a business which it intends to focus on.

  • Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources
    Reuters

    Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

    BEIJING/SHANGHAI (Reuters) - Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters. The move by Lufax to exit P2P, in which companies gather funds from retail investors and loan the money to small corporate and individual borrowers, is due to regulatory hurdles, two of the sources said, and comes amid China's crackdown on the business to contain broader financial risks. The sources said they did not know exactly when Lufax's P2P business would be shuttered, or how the outstanding business will be handled, but added that the company has already started the process of applying for a licence in consumer finance, a business which it intends to focus on.

  • Property speculators hope for investment paradise in southwest China
    Reuters

    Property speculators hope for investment paradise in southwest China

    A bus came to a halt amid a tropical rainforest not far from China's border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Another praised the curative powers of Xishuangbanna's temperate weather. The river town in the hills of Yunnan province has seen a 40% surge in new home prices in June compared with a year earlier, ranking fifth among China's 338 biggest cities, according to private property data provider Qingdao Cityre Estate Data.

  • PR Newswire

    Ping An Wins Top Ranking in Global Artificial Intelligence Challenge

    HONG KONG , June 28, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. "(hereafter " Ping An " or the "Group" or the "Company", HKEX: 2318; SSE: ...

  • Reuters

    Ping An's OneConnect leaning towards New York over Hong Kong for IPO - sources

    Ping An Insurance's OneConnect financial technology unit is leaning toward picking New York over Hong Kong for its initial public offering (IPO) in the hope of achieving a higher valuation, three people with direct knowledge of the matter said. Ping An Insurance Group Co of China Ltd, China's biggest insurer by market value, had been planning a Hong Kong IPO of the unit since the beginning of the year in a deal that could raise up to $1 billion. The insurer is now seeking to list OneConnect in New York as early as in September, said one of the people, who were not authorised to speak to media and so declined to be identified.

  • PR Newswire

    Ping An Ranks 40th in BrandZ(TM) Global Brands; Tops Global Insurance Brand List for 4th Consecutive Year

    SHANGHAI and HONG KONG , June 13, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. (hereafter " Ping An " or the "Group"; HKEx: 2318; SSE: 601318) has ranked 40th ...

  • PR Newswire

    Ping An Ranks 40th in BrandZ™ Global Brands; Tops Global Insurance Brand List for 4ᵗʰ Consecutive Year

    HONG KONG , June 11, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. (hereafter " Ping An " or the "Group"; HKEx: 2318; SSE: 601318) has ranked 40th in the latest ...

  • Ping An’s Healthtech Arm Cooperates with the Medical AI Lab Program of HKU
    Business Wire

    Ping An’s Healthtech Arm Cooperates with the Medical AI Lab Program of HKU

    Ping An Insurance Company of China, Ltd. is pleased to announce that the subsidiary Ping An International Smart City Technology Co., Ltd.

  • Ping An's healthtech arm cooperates with the Medical AI Lab Program of HKU
    PR Newswire

    Ping An's healthtech arm cooperates with the Medical AI Lab Program of HKU

    HONG KONG , May 30, 2019 /PRNewswire/ -- Ping An Insurance (Group) Company of China , Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) is pleased to announce that ...

  • Reuters

    Asian stock-pickers bet on income growth over yield

    Investors in Asian stocks are picking companies and sectors that promise better long-term returns, overlooking the broader uncertainties around profits stemming from global trade and economic growth risks this year. For some long-term investors in Asian equity markets, the evidence of a deeper change in the region's culture away from hoarding cash and towards rewarding investors with higher dividends is also a reason to stay invested. Analysts also downgraded their dividend forecasts for a larger proportion of Asia Pacific companies relative to numbers in North America and Europe, the data showed.

  • PR Newswire

    Ping An completes multi-center clinical trials for world's first intelligent OCT retinal disease screening system

    The screening system is jointly developed by Ping An Technology and US-based Optovue, Inc. It is the first artificial intelligence (AI) imaging and screening system in the world that seamlessly integrates an OCT retinal imaging device and AI lesion detection software. The clinical trial was conducted at three well-known research institutions, the Eye and ENT Hospital of Fudan University in Shanghai, Shanghai First People's Hospital of Shanghai Jiao Tong University, and Shanghai Tenth People's Hospital of Tongji University.