PZX.F - Ping An Insurance (Group) Company of China, Ltd.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
10.20
-0.30 (-2.86%)
As of 9:15AM CEST. Market open.
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Previous Close10.50
Open10.20
Bid0.00 x N/A
Ask0.00 x N/A
Day's Range10.20 - 10.20
52 Week Range7.31 - 11.40
Volume1,069
Avg. Volume1,716
Market Cap194.483B
Beta (3Y Monthly)0.73
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.24 (2.29%)
Ex-Dividend Date2019-09-04
1y Target EstN/A
  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Reuters

    China's Ping An Insurance profit jumps on strong investment returns

    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.

  • Reuters

    DIARY-Hong Kong corporate earnings week ahead

    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 ...

  • GDS Holdings Limited (GDS) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    GDS Holdings Limited (GDS) Q4 2018 Earnings Conference Call Transcript

    GDS earnings call for the period ending December 31, 2018.

  • Reuters

    Chinese insurer Ping An plans $1.5 bln buyback, would consider more

    * 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 Can’t Buy Back Its Lost Fintech Luster
    Bloomberg

    Ping An Can’t Buy Back Its Lost Fintech Luster

    (Bloomberg Opinion) -- Sometimes, boring can be a good thing.

  • Reuters

    China's Ping An to buy back up to $1.5 bln of shares after profit beat

    China Life Insurance Co , Ping An's main competitor in the domestic insurance market, warned in January its 2018 net profit would fall 50-70 percent. Boosting Ping An's bottom line in 2018 was its life and health insurance business, where net profit jumped 62 percent to 57.9 billion yuan from a year earlier. Ping An is the controlling shareholder of Ping An Bank Co Ltd, which last week reported a 7 percent rise in annual net profit to 24.8 billion yuan.

  • Reuters

    China's Ping An Insurance annual profit jumps 20.6 pct, above estimates

    SINGAPORE/HONG KONG, March 12 (Reuters) - Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, posted on Tuesday a forecast-beating 20.6 percent jump in annual net profit, ...

  • Reuters

    BRIEF-China Ping An Insurance's 2018 Net Profit Rises From Year Earlier

    March 12 (Reuters) - Ping An Insurance Group Co of China Ltd : * SAYS 2018 NET PROFIT 107.4 BILLION YUAN ($16.01 billion) VERSUS NET PROFIT 89.1 BILLION YUAN YEAR AGO Source text: https://bit.ly/2ESYASA ...

  • Ping An Plans IPO of Fintech Unit at $8 Billion Value
    Bloomberg

    Ping An Plans IPO of Fintech Unit at $8 Billion Value

    Ping An is now targeting to list OneConnect in Hong Kong as soon as the second half of this year, one of the people said, asking not to be identified because the information is private. Ping An tempered its valuation expectations and may offer a smaller stake in the business after OneConnect’s business performance wasn’t as strong as initially projected, one person said. A OneConnect spinoff and IPO would be one of the highest-profile deals in Hong Kong since a rapidly decelerating Chinese economy chilled public funding and the country’s tech space.

  • 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."

  • Why Ping An is conducting a share buyback
    CNBC Videos

    Why Ping An is conducting a share buyback

    Jessica Tan, co-CEO of Ping An Insurance, discusses the company's earnings, investments and its first share buyback program.