|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.25 - 22.96|
|52 Week Range||16.93 - 24.92|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||13.17|
|Forward Dividend & Yield||0.66 (2.96%)|
|1y Target Est||N/A|
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.
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 ...
The financial conglomerate, which only offered its first ETF in late 2017, is targeting the less-developed market for bond ETFs as vehicles that track broad indexes become more competitive given the dominance of large funds that were launched by local managers as early as 2004. The firm will start to offer products tracking shorter-dated government bonds and is also considering cross-market funds, Cheng Jun, the head of ETF investments at Ping An Fund Management, said in an interview. While low fees and support from its parent company has helped Ping An Fund Management become the largest local bond ETF issuer, its current standing -- around 16 billion yuan ($2.3 billion) across nine funds -- lags Ping An’s ambitions and is a fraction of the almost $1 trillion Vanguard oversees in the U.S.
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 ...
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 ...
JPMorgan highlighted a group of 64 dividend-paying stocks it calls the Emerging Markets Dividend Nobles.
Chicago Fed President Evans will appear at the same conference along with opening remarks from Atlanta Fed President Bostic. Regional presidents Kaplan, Harker, Rosengren, Bullard, Williams, Daly, Barkin and Bostic will also deliver talks over the course of the Global Week Ahead.
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.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ping An Bank Co., Ltd and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Net profit attributable to shareholders of the parent company increased 77.1% year on year to RMB45, 517 million. NBV of the life and health insurance business strengthened. While maintaining balanced growth in scale and value, the Company attaches greater importance to stable quarterly growth in business, enabling sustainable business growth and healthy growth in the size of our sales agent team. In the first quarter of 2019, under the belief that "insurance should be protection-oriented," the Company proactively adjusted the product mix by de-scaling short-PPP (Premium Payment Period) savings products and increasing focus on long-term protection products and hybrid long-PPP protection and savings products.
SINGAPORE/BEIJING (Reuters) - Ping An Insurance (Group) Co of China Ltd, the country's largest insurer by market value, posted a 77 percent jump in first-quarter net profit on strong investment returns driven by a capital market recovery. Ping An, the only Asian insurer deemed globally systemically important by regulators, said its net profit came in at 45.52 billion yuan ($6.76 billion) for the quarter ended March, versus 25.70 billion yuan in the same period last year. Ping An's bottom line was pushed up by investment income that rose more than six times to 46.6 billion yuan.
April 26 (Reuters) - Diary of Hong Kong (.HSI) corporate earnings for the week ahead. HONG KONG EARNINGS Start Date Start Time RIC Company Event Name (GMT) 29-Apr-2019 AMC 601939.SS China Construction ...
SHANGHAI and HONG KONG, April 17, 2019 /PRNewswire/ -- Recently, the International Symposium on Biomedical Imaging (ISBI) released its 2019 international competition results. Ping An Technology, a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318, SSE: 601318), won three competitions: Automatic Cancer Detection and Classification in Whole-slide Lung Histopathology (ACDC), Endoscopic Artefact Detection (EAD) and Pathologic Myopia Challenge (PALM). The three competitions won by Ping An Technology at this year's ISBI conference have significant clinical application value in the medical field.
HONG KONG, April 16, 2019 /PRNewswire/ -- China Ping An Insurance Overseas (Holdings) Limited, together with its subsidiaries ("PAOH"), the main overseas platform for direct investments and asset management of Ping An Insurance (Group) Company of China, Ltd. (2318.HK, 601318.SH), announced the closing of approximately US$758 million in capital commitments to its Ping An Global Infrastructure Funds. The Funds' investments will be focused on telecommunication, transportation, midstream, power, utilities and other infrastructure assets.
* To use 5-10 bln yuan of own funds to buy back shares * Will consider more buybacks if regulations allow - co-CEO * Continues to invest in tech R&D - co-CEO * 2018 profit jumps 20.6 pct to 107.4 bln yuan ...
Ping An achieved steady growth overall for 2018, operating profit and NBV growth exceed market expectations and operating profit attributable to shareholders of the parent company rose 18.9% year on year to RMB112,573 million. Net profit grew 20.5% year on year to RMB120, 452 million, and net profit attributable to shareholders of the parent company rose 20.6% year on year to RMB107, 404 million. Under the old accounting standards for financial instruments, the Company's net profit attributable to shareholders of the parent company would have risen 39.5% year on year to RMB124, 245 million.