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

Other OTC - Other OTC Delayed Price. Currency in USD
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6.98-0.45 (-6.06%)
At close: 2:47PM EDT
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  • m
    milbry
    If you’re a day trader, you should definitely check out (http://Pick-stocks.com). They send a watchlist covering the top pre-market movers every day before the open. It’s a great way to pick out potential trades for the day.
  • Y
    Yahoo Finance Insights
    2318.HK is down 9.83% to 55.05
  • O
    Ong
    people who sell in the recent corrections do not know the fundamentals. when yield of bonds increase, who make more money? insurance companies! when premiums are paid for insurance, its cash in hand. therefore insurance companies invest and park monies in bonds. So when interest of bonds rise, insurance companies earn more profits
  • O
    Ong
    Ping An owns Lufax, autohome and ping an good doctor. The former 2 are profitable. Ping an good doctor is expected to be profitable in 2020. There are 6 other companies, such as oneconnect . Peter Ma wants 50% revenue from tech in 2030, which means Ping An has a good chance to triple or more by 2030
  • D
    David
    Bullish
  • A
    Anthony
    Might end up buying in a couple of months. Seems like a well-established company. Any thoughts on why it's so undervalued? I'm guessing because it's just a Chinese stock? It seems like it's also listed as 2318. But for US customers it's just listed over the pink sheets as PNGAY is that correct?

    Seems like a great long-term bet. They could have many more strong investment returns. Especially with the middle class returning in china. Seems like Chinese stocks can be good bets if you block out all the white noise.
  • A
    Al
    Have to go to Alibaba news feed to find info on Ping An Good Doctor IPO. Come on Yahoo, step up!
  • Y
    Yahoo Finance Insights
    2318.HK is up 5.51% to 67.00
  • O
    Ong
    While the precise effect of interest rate changes on a specific insurance company may be uncertain, historical analysis shows that the overall trend is for the profitability of insurance companies to increase in an environment of rising interest rates . Overall price-to-earnings (P/E) ratios for insurance companies usually increase in fairly direct proportion to increases in interest rates.

    Read more: How much do changes in interest rates affect the profitability of the insurance sector? | Investopedia https://www.investopedia.com/ask/answers/061515/how-much-do-changes-interest-rates-affect-profitability-insurance-sector.asp#ixzz56brMHcRn 
    Follow us: Investopedia on Facebook
    Learn about the relationship between interest rates and insurance company profitability, and how interest rates can affect insurers' assets and liabilities.
    Learn about the relationship between interest rates and insurance company profitability, and how interest rates can affect insurers' assets and liabilities.
    www.investopedia.com
  • E
    Eric
    Operating profit attributable
    to shareholders of the parent company for the
    first half of 2020 increased by 1.2% year on year to
    RMB74,310 million. The annualized operating ROE
    was 21.6%. Despite the short-term adverse impact on
    economic growth, Ping An attaches importance to
    shareholder returns and will pay an interim dividend
    of RMB0.80 per share in cash, up 6.7% year on year.
    Retail customer development continued to yield
    strong results thanks to ecosystem development.
    As of June 30, 2020, retail customers increased by
    4.6% from the beginning of 2020 to 210 million. In
    the first half of 2020, Ping An acquired 18.09 million
    new customers, of whom 35.4% were sourced from
    internet users within the Group’s five ecosystems.
    Contracts per customer rose by 1.9% from the
    beginning of 2020 to 2.69. The value contributions
    from corporate business cross-selling grew steadily
    under the integrated financial business model of
    “one customer, multiple products, and one-stop
    services.” Ping An takes a segmented approach
    to customer development, providing strategic
    customers with integrated “commercial banking +
    investment banking + investment” services, while
    serving small and micro-business customers online.
    In the first half of 2020, the new financing scale
    achieved through corporate business cross-selling
    climbed by 170.2% year on year. The written
    premium of the corporate channel achieved thro
    Bullish
  • F
    FreddieH
    Moving average 50 crossing asset price, I think can go in now .. also awarded world best insurance company two days ago. Good catch and all set to 95 then above 💯
  • T
    Tod
    Ping an seems resilient even in a pandemic , I think revenue/profit should go up drastically in 2021.
  • H
    Hugo
    Part of the phase I deal.... Both countries can sell insurance in respective countries now... so Goldman says. Chart looks ready to see upside imo.
  • T
    TJ
    ARK Investment just added to their portfolio
  • m
    ming
    If so, why is PNGAY keeps on dropping???
  • O
    Ong
    Research has shown that insurance companies make more profits when bond rate increase because by law, insurance companies have to hold a percentage of insured funds in less risky tools like bonds.
  • A
    Anonymous
    http://dd.report/?s=PNGAY has an alert for $PNGAY. Did anyone happen to see it as well? Looking for some good positive information from the company! Investing day trading. "hhse"
    DD Report | Due Diligence Reports
    dd.report
  • m
    majida
    what is wrong with stock , holding for one year still same price