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Zhitong Financial APP learned that Xiaomo released a research report saying that the performance of the mainland life insurance sector so far this year, resulting in the bank's conservative expectations failed, the bank had expected life insurance sales to recover after the epidemic, listed Ping An Insurance (02318) as the first choice to outperform the market. The stock price so far this year reflects that with the exception of PICC Property and Casualty (02328), other life insurance stocks that have been "overweight" have "outperformed the big market", especially Ping an A / H shares. According to the report, the bank lowered its forecast for new business value growth this year and next year, from 3% to 12% this year, and from 14% to 12% next year, reflecting a slow recovery in insurance sales.
Inside the market is very weak, outside the market is very lively! On the evening of October 27th, Yunnan Baiyao announced that the company's net profit in the first three quarters was 2.451 billion yuan, down 42.38% from the same period last year, of which the net profit in the third quarter was 649 million yuan, down 63.94% from the same period last year. The net profit after deducting non-recurring gains and losses belonging to shareholders of listed companies was 1.046 billion yuan, down 21.70% from the same period last year. The non-recurring gains and losses seem to come mainly from changes in fair value during the holding of transactional financial assets, with losses as high as 1.55 billion in the first three quarters. Judging from the information disclosed in the company's newspaper, its main positions are XIAOMI,
Macquarie released a research report saying that Ping An Insurance's (02318) valuation was near an all-time low and the market unanimously took a "buy" view of the stock. The bank resumed its coverage of the company, but was rated as "outperforming the market" with a target price of HK $50. The bank believes that the market is too optimistic about Ping an's new business value (NBV) and return on equity over the next three years. In the medium term, the bank expects Ping an to continue to receive a downward valuation review due to the decline in NBV profit margins and investment returns. Even if the valuation of the company is attractive in terms of the connotative value of the stock price, the stock has a potential downward trend in terms of sensitivity analysis. Macquarie said that the value of Ping an's new business is expected to be
On October 27th, Ping An Insurance (601318.SH) disclosed that in the first three quarters of 2021, the operating income was 904.629 billion yuan; the operating profit belonging to the shareholders of the parent company was 118.737 billion yuan, an increase of 9.2 percent over the same period last year; and the annualized operating ROE reached 20.3 percent, with a sound operating performance. Customer business performance continues to grow. By the end of September 2021, the number of Ping an individual customers exceeded 225 million, an increase of 3.1% over the beginning of the year. Among them, the number of individual customers holding contracts with multiple subsidiaries was 87.74 million, accounting for 39.0%. 2021
Ping An reports 9M results
Ping An (OTCPK:PNGAY): 9M Net profit of RMB81.63BPress Release
On the evening of October 27, the long-awaited "King of Ningde" Ningde era finally released the third-quarter results of 2021. According to the announcement, the company's operating income in the first three quarters was 73.361 billion yuan, an increase of 132.73 percent over the same period last year. The company's net profit in the first three quarters was 7.751 billion yuan, an increase of 130.9 percent over the same period last year. Of which, revenue in the third quarter was 29.286 billion yuan, an increase of 130.73 percent over the same period last year, and net profit was 3.267 billion yuan, an increase of 130.16 percent. As of today's close, Ningde era rose 2.85% to 615.04 yuan per share, the current market
On the evening of October 27, Zhongshun Jierou, long known as "paper grass", disclosed its third-quarter earnings report for 2021. According to the announcement, the company's operating income in the third quarter was about 2.027 billion yuan, an increase of 4.54 percent over the same period last year. The net profit attributed to shareholders of listed companies was about 77.26 million yuan, down 64.72% from the same period last year. In the first three quarters, the company achieved operating income of about 6.274 billion yuan, an increase of 12.95% over the same period last year. The net profit attributed to shareholders of listed companies was about 484 million yuan, down 27.88% from the same period last year. This performance is really not good-looking, increasing income without increasing profits, on the contrary
On the evening of October 27th, Ping An Insurance (601318.SH) revealed three quarterly reports. During the reporting period, the company achieved main income of 904.629 billion yuan, down 1.36% from the same period last year; net profit from its mother was 81.638 billion yuan, down 20.77% from the same period last year; and non-net profit was 81.726 billion yuan, down 20.85% from the same period last year. In the third quarter of 2021, the company's main income in a single quarter was 268.98 billion yuan, down 6.32% from the same period last year; the net profit returned to its mother in a single quarter was 23.633 billion yuan, down 31.22% from the same period last year; and non-net profit was deducted in a single quarter.
Southbound Capital sold a net HK $2.218 billion today, Yanzhou Coal, Kuaishou Technology and Geely Automobile received a net purchase of HK $136 million, HK $128 million and HK $123 million respectively, while northbound Capital sold a net sale of HK $3.042 billion, ending six consecutive days of net buying. Luo Tianzhi Materials, Ganfeng Lithium and Longji shares received a net purchase of 660 million yuan, 430 million yuan and 406 million yuan, respectively.
UBS bought 15 million H shares of Ping An Insurance (02318.HK) at an average price of HK $62.69 per share, rising from 11.94 per cent to 12.14 per cent, according to HKEx filings.