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!
Express News | Hong Kong domestic insurance stocks continued to rise. China Ping An rose more than 5%, China Taibao, China Life Insurance, and Zhongan Online rose more than 4%, and AIA Insurance rose more than 3%.
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.
Hong Kong insurance stocks strengthened collectively. Zhongan Online rose nearly 5%, China Taibao and China Taiping rose more than 3%, and AIA, China Ping An, and China Life Insurance rose more than 2%.
Hong Kong insurance stocks strengthened collectively. Zhongan Online rose nearly 5%, China Taibao and China Taiping rose more than 3%, and AIA, China Ping An, and China Life Insurance rose more than 2%.
China's Taibao quickly responds to the Guangdong Meida Expressway landslide disaster
At about 2:10 a.m. on May 1, a highway landslide occurred near K11+900 meters from Dapu to Fujian on the Guangdong Meida Expressway. As of 5:30 a.m. on May 2, 23 vehicles had been found to have fallen, killing 36 people and injuring 30 others (no lives in danger). After the accident occurred, China Taibao attached great importance to it, adhering to the principle of “people first, life first”, linking overall points, production and life collaboration, and immediately initiated an emergency response mechanism, actively investigated the emergency situation, opened a green channel for claims processing, and launched a 7*24 hour consultation service, simplified claim data, and abolished designated hospitals and expenses
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%.
On the 33rd anniversary of China Taibao, Si celebrated the thanksgiving and solemnly launched the “Love and Companionship” customer feedback campaign
Along with the continuous rise in economic and income levels, in order to continuously meet the needs of the masses for a better life, the country clarified the National Health Plan and the National Plan for the Development of Aging Services and the Elderly Service System in the “14th Five-Year Plan”, which clearly requires a gradual increase in the level of national health security and old-age care security. The development of the insurance industry is shifting from simple sales of insurance products to experiential marketing in scenarios required by customers, and is being upgraded from “product-driven” to “service-driven”. “Big Health” is one of the best fulcrums. China Taibao responded positively to national policies and formulated a “big health” strategy as early as 2020
China Taibao (601601): New business value has achieved relatively rapid growth, profit performance is steady, and the asset side is expected to pick up
Core view The company's premiums for the first quarter were basically flat year over year. NBV was +30.7% year over year, and the value ratio is expected to improve significantly. The company's net return on investment stabilized year-on-year in the first quarter. As the macroeconomic economy continues to recover, long-term interest rates are expected to rise
Express News | The Nankai-Meixin Health Actuarial Science and Technology Laboratory was officially unveiled, which will focus on two major topics: health insurance innovation and the value application of technology to enable insurance
Positive Week for China Pacific Insurance (Group) Co., Ltd. (SHSE:601601) Institutional Investors Who Lost 12% Over the Past Year
Key Insights Institutions' substantial holdings in China Pacific Insurance (Group) implies that they have significant influence over the company's share price A total of 8 investors have a majority
Big Bank Ratings|Damo: Maintaining Taibao's “Accumulation” Rating Outperforms Expectations in the First Quarter
Glonghui, April 30 | Morgan Stanley released a report stating that China's Taibao's key indicators for the first quarter beat expectations. The profit for the quarter was 11.8 billion yuan, up 1.1% year-on-year, better than the bank's expected decline in the number of units. The bank maintains its “Overweight” rating, with a target price of HK$19. According to the bank, Taibao's new business value increased by 31% year-on-year. The bank is expected to reach about 44% after adjustment. It is still one of the highest in the industry, mainly benefiting from improved gross profit. As for the company's property and accident (P&C) insurance, the comprehensive cost ratio (CoR) improved by 0.4 percentage points, mainly due to better expense management.
Bank Rating | Goldman Sachs: Giving China Taibao “Neutral” Rating Upgraded Earnings Per Share for 2024-26
Glonghui, April 29 | Goldman Sachs Research Report shows that China's Taibao's first-quarter results beat expectations, mainly because life insurance performance was stronger than expected, while property insurance profits were roughly in line with expectations. The value of life insurance's new business grew strongly year-on-year in the first quarter, mainly benefiting from a 31% year-on-year increase in first-year premiums for agents, while agent transformation continued to drive improvements in productivity and profit margins, as well as a decline in bank insurance commissions. The report also indicated that the company's shareholders' equity rose 3% in the first quarter of 2024, higher than its closest peers. The bank believes that this is because changes in fair value are taken into account in the higher allocation of other full-income bonds and the decline in bond yields
Hong Kong Market Overview | The Hang Seng Index has risen six times in a row! Domestic housing stocks strengthened across the board, and Shimao Group soared more than 60%
Auto stocks improved. Evergrande Auto rose nearly 12%, and Zero Run rose more than 8%; big financial stocks generally rose, AIA Insurance rose more than 6%, and the Bank of China rose nearly 5%.
Nomura Adjusts China Pacific's Price Target to HK$26.14 From HK$25.12, Keeps at Buy
03:48 AM EDT, 04/29/2024 (MT Newswires) -- Nomura Adjusts China Pacific's Price Target to HK$26.14 From HK$25.12, Keeps at Buy Price (HKD): $17.98, Change: $+0.84, Percent Change: +4.90%
Hong Kong Stock Afternoon Review | The three major indices rose sharply, domestic housing stocks and insurance stocks rose, Sunac China rose nearly 24%, and AIA Insurance rose nearly 8%
Technet stocks had mixed ups and downs. NetEase rose nearly 3%, Meituan fell nearly 3%; auto stocks rose one after another, with Zero Running up more than 9%, and Xiaopeng Motors rising nearly 5%.
Changes in Hong Kong stocks | Insurance stocks continue to strengthen, insurer NBV's performance exceeded expectations in the first quarter, and sector valuation repair is expected to continue under asset-side catalysts
The Zhitong Finance App learned that insurance stocks continued to strengthen in early trading. As of press release, AIA (01299) rose 9.07% to HK$58.9; China Taibao (02601) rose 5.72% to HK$18.12; China Life (02628) rose 4.85% to HK$10.8; Xinhua Insurance (01336) rose 4.61% to HK$15.44; Ping An (02318) rose 4.33% to HK$37.35. According to the news, judging from the quarterly reports of listed insurers currently disclosed, the overall year-on-year growth rate of insurers NBV has exceeded expectations under comparable standards. Among them
China Pacific Insurance Outperforms Expectations: An Upgrade to Buy Rating
Jefferies analyst Sam Wong upgraded the rating on China Pacific Insurance (Group) Co (CHPXF – Research Report) to a Buy on April 26, setting a price target of HK$18.00.
Intraday Overview | The Hang Seng Index entered a technical bull market, and the Tech Index rose more than 1.7%
Technology stocks strengthened; Shangtang and BYD Electronics rose more than 6%, and NIO rose more than 5%; Youbi Choice rose more than 15%, and the company took the lead in developing the “Tiangong” robot platform.
China Taibao (601601): NBV led the industry by +30.7% YoY, COR bucked the trend and improved
[Event] China Taibao announced 2024Q1 results: 1) Operating revenue of 95.4 billion yuan, +1.1% year over year; insurance service revenue of 67 billion yuan, +2.4% year over year. 2) Net profit of 11.8 billion yuan to mother, +1 year over year
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