01336 NCI
- 16.760
- +0.960+6.08%
NCI News
Overview of the Hong Kong market | The three major indices rose sharply in the afternoon, and high-interest concept stocks such as domestic banks, domestic insurance, and coal were strong throughout the day! CCB rose nearly 7%, and China's Shenhua rose mo
The trend of TechNet shares was divided. Bilibili fell more than 2% and Ali rose more than 1%; domestic housing stocks continued to rise, with Shimao Group rising 60% and Xuhui Holdings rising more than 11%.
The increase in Hong Kong's “high dividend” concept stocks further expanded, and Ping An of China rose more than 6%
Glonghui, May 10 | The news that the Hong Kong Stock Connect dividend tax will be reduced has stimulated the collective strengthening of “high dividend” concept stocks in the Hong Kong stock market, including insurance stocks that fall into the category of high dividends. Up to now, China Taibao has risen more than 8%, China Life Insurance and China Ping An have risen by more than 6%, and Xinhua Insurance, China Taiping, China Financial Insurance, and China Reinsurance have risen by more than 5%. According to the news, Bloomberg quoted people familiar with the matter as saying that China is considering reducing the 20% income tax that mainland individual investors need to pay when investing in Hong Kong stocks through the Hong Kong Stock Connect to receive dividends to avoid repeated taxation between the two places. CICC believes that if the Hong Kong Stock Connect dividend tax relief is implemented,
Hong Kong Stock Afternoon Review | The Hang Seng Index and China Index rose nearly 2%; domestic housing stocks and insurance stocks rose sharply, Shimao Group rose more than 58%, and China Taibao rose more than 8%
Technology Network stocks had mixed ups and downs. Kuaishou fell nearly 3%, and Ali rose more than 1%; bank stocks generally rose, and CCB and Agricultural Bank rose more than 6%.
Direct impact of changes | Domestic bank insurance stocks collectively rose in early trading, and banking insurance channels recreated major new regulations
On May 10, $Bank Stocks (BK1239) $$Domestic Insurance Stocks (BK1228) $ collectively increased during the morning intraday period. As of press release, $Postbank (01658.HK) $ rose 7.36% to HK$4.52; $Agricultural Bank (01288.HK) $ rose 6.18% to HK$3.78; $CCB (00939.HK) $ rose 6.25% to HK$5.61; $ICBC (01398.HK) $ rose 4.60% to HK$4.55; $China Taibao (02601.HK) $ rose 8.25%
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Haitong Securities: What is the impact of falling interest rates on insurance companies' operations?
In the long run, the economic growth rate determines the level of interest rates, and the interest rate center gradually declines as the potential growth rate of the economy declines.
Xinhua Insurance (601336): NBV growth rate leads interbank investment fluctuations affecting net profit performance
Incident: The company released its 2024 quarterly report. Under the new standards, the company achieved net profit of 4.942 billion yuan, -28.6% over the same period last year. The company's NBV continued to grow at +51% year-on-year. Improved value ratio led to high NBV growth, each
Nomura Adjusts New China Life's Price Target to 30.01 Yuan From 33.07 Yuan, Keeps at Neutral
05:21 AM EDT, 05/08/2024 (MT Newswires) -- Nomura Adjusts New China Life's Price Target to 30.01 Yuan From 33.07 Yuan, Keeps at Neutral Price (RMB): ¥31.61, Change: ¥-0.82, Percent Change: -2.53%
Nomura Adjusts New China Life's Price Target to HK$20.29 From HK$23.70, Keeps at Buy
05:21 AM EDT, 05/08/2024 (MT Newswires) -- Nomura Adjusts New China Life's Price Target to HK$20.29 From HK$23.70, Keeps at Buy Price (HKD): $15.52, Change: $-0.58, Percent Change: -3.60%
Nomura: Maintain Xinhua Insurance's (01336) “Buy” rating and reduce the target price to HK$20.29
The Zhitong Finance App learned that Nomura released a research report stating that the target price of Xinhua Insurance (01336) was lowered by 14% from HK$23.7 to HK$20.29 to maintain the “buy” rating, and the new business debt costs are expected to drop. The bank said that due to the weak performance of the company in the first quarter of 2024, the net profit forecast for the 2024/25 fiscal year was lowered by 9% and 13%, and the net asset forecast was lowered by 15%. The bank currently expects net profit to increase by 55% and 7% in 2024/25, and the total return on investment to increase to 3.9% and 4%. Furthermore, Nomura cut Xinhua Insurance for the 2024/25 fiscal year accordingly
Xinhua Insurance (601336): The premium structure has improved markedly, and I am optimistic about subsequent value growth
The core idea is that 24Q1 may be affected by the implementation of integrated banking and banking reporting channels. The new premium income ratio of -41.0% was in line with expectations; however, the premium structure was clearly optimized, and the share of futures and individual insurance channels increased markedly, “compensating with price
Major Bank Ratings | Jefferies: The target price for Xinhua Insurance is HK$11, and the strong value of the new business is overshadowed by profitability challenges
Glonghui, May 7 | Jefferies published a research report showing that Xinhua Insurance's attributable profit for the first quarter of the 2024 fiscal year fell 29% year-on-year to 4.9 billion yuan, and was corrected when compared quarterly. The bank said that in addition to the decline in profit, which was greater than that of its peers, the company's total comprehensive loss reached 11 billion yuan, which also led to an 11% drop in the company's book value. Jefferies said that Xinhua Insurance is facing a number of negative factors. Investment, including corporate investment, is under pressure. Total investment income, including associated companies, and annualized total return on investment have all declined; other comprehensive profit and loss (OCI) confirmed a loss of 16 billion yuan in the first quarter of fiscal year 2024 due to OCI bonds
Xinhua Insurance (601336): Structural adjustments drive high value growth
The incident described the release of Xinhua Insurance's 2024 quarterly report. The company achieved net profit of 4.94 billion yuan, a year-on-year decrease of 28.6%; the value of new business increased 51% year-on-year. Incident review Investment returns are under pressure. 2023 Xinhua Insurance
Xinhua Insurance (601336): NBV's business quality improved by +51% year-on-year
[Incident] Xinhua Insurance announced its 2024 quarterly report: 1) Revenue of 26.5 billion yuan, -8.7% year-on-year. 2) Net profit to mother was 4.94 billion yuan, -28.6% YoY. 3) Net assets of $94 billion, compared to the beginning of the year
Hong Kong stocks are rising fiercely! Low-priced stocks followed the trend. What are the reasons behind this sharp rise?
In the last 9 trading days, Hong Kong stocks have risen fiercely, and some low-priced stocks are also booming!
Changes in Hong Kong stocks | Domestic insurance stocks continued to rise, insurers NBV performed well in the first quarter, and the sector's valuation rebound is expected to continue
Domestic insurance stocks continued to rise. As of press release, Zhongan Online (06060) rose 4.33% to HK$14.46; China Taibao (02601) rose 3.89% to HK$18.7.
Changes in Hong Kong stocks | Ping An of China (02318) rose nearly 5%, leading domestic insurance stocks, debt-side core indicators showed impressive performance, and asset-side recovery is expected to boost valuations
Domestic insurance stocks continued their recent gains. As of press release, Ping An of China (02318) rose 4.73% to HK$37.65; Xinhua Insurance (01336) rose 4.5% to HK$15.8; Zhongan Online (06060) rose 4.22% to HK$13.82; and China Taibao (02601) rose 3.94% to HK$17.96.
Most insurance stocks in Hong Kong rose. Ping An of China rose more than 5%, Xinhua Insurance rose more than 4%, and China Life Insurance, China Taibao, and AIA rose more than 3%.
Most insurance stocks in Hong Kong rose. Ping An of China rose more than 5%, Xinhua Insurance rose more than 4%, and China Life Insurance, China Taibao, and AIA rose more than 3%.
BOC International: Maintaining the target price of HK$20.5 for Xinhua Insurance (01336.HK) and upgrading the rating to “buy”
Bank of Commerce International released a research report stating that maintaining the target price of Xinhua Insurance (01336.HK) of HK$20.5, corresponding to the 2024 net market ratio, considering the company's current low valuation, the dividend ratio is over 6%. At the same time, as the real estate market stabilizes marginally, the 10-year treasury bond yield is expected to rebound from a low level to ease market concerns about interest losses in the industry. The bank upgraded the company's rating from “neutral” to “buy.”
Xinhua Insurance (601336): NBV is growing rapidly and profits are under pressure from a high base
Maintaining the “increase in holdings” rating, maintaining the target price of 46.79 yuan/share, corresponding to the 2024 P/EV of 0.54 times: the company's 24Q1 net profit to mother was -28.6% year-on-year, lower than market expectations. It is mainly estimated to be
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