Manulife Financial Boosts Number of Shrs for Repurchase to Up to 90 M >MFC.T
Manulife Financial Boosts Number of Shrs for Repurchase to Up to 90 M >MFC.T
Manulife Financial: TSX Approved Normal Course Issuer Bid >MFC.T
Manulife Financial: TSX Approved Normal Course Issuer Bid >MFC.T
Manulife Amends Its Normal Course Issuer Bid To Repurchase For Cancellation Up To An Additional 40 Million Of Its Common Shares >MFC.T
Manulife Amends Its Normal Course Issuer Bid To Repurchase For Cancellation Up To An Additional 40 Million Of Its Common Shares >MFC.T
China Reinsurance (01508.HK): China Financial Supervisory Administration approved the qualifications of Jia Xiangxiang and Zhou Zheng as directors
Gelonghui, May 7, 丨 China Reinsurance (01508.HK) announced that on April 30, 2024, the company received approval from the State Financial Supervisory Administration regarding the qualifications of Ms. Jia Xiangxiang and Mr. Zhou Zheng. According to the approval, the China Financial Supervisory Authority approved the qualifications of Ms. Jia Xiangxiang and Mr. Zhou Zheng as directors of the company. Ms. Jia Xiangxiang serves as a non-executive director of the company, a member of the Audit Committee and Deputy Chairman of the Board of Directors, a member of the Nomination Remuneration Committee and a member of the Risk Management Committee, and Mr. Zhou Zheng as a non-executive director of the company, a member of the Board's Strategy and Sustainable Development Committee, and related transactions
AIA (01299) spent about HK$15.3373 million to repurchase 250,000 shares on May 7
According to the Zhitong Finance App, AIA (01299) announced that on May 7, 2024, it spent about HK$15.3373 million to repurchase 250,000 shares.
China Financial Insurance (2328.HK): Natural disasters and investment returns significantly drag down profits
The incident described the disclosure of China Financial Insurance's 2024 quarterly report, achieving net profit of 5.87 billion yuan, a year-on-year decrease of 38.3%; achieving a comprehensive cost ratio of 97.9%, an increase of 2.2 pct over the previous year. Incident review Rain and snow disaster, travel rate recovery
Citibank: Maintaining China Life's (02628) “Buy” Rating Target Price Reduction to HK$15.6
Citi lowered China Life Insurance's (02628) earnings estimates per share for the 2024-2026 fiscal year by 6%, 5%, and 5%, respectively.
Citibank: Target Price Reduced to HK$11.1 for the “Buy” Rating for China Financial Insurance (02328)
Citi lowered China Financial Insurance's (02328) earnings per share forecast for the 2024-2026 fiscal year by 4%, 3%, and 3%, respectively.
PICC P&C(2328.HK):1Q24 CATASTROPHE-INDUCED CLAIMS FULLY RELEASED;FY24 COR GUIDANCE SUSTAINED; EXP. >40% PAYOUT
PICC P&C reported weaker-than-expected first-quarter results given the 1Q24 CoR
Lai Sun Development, Lai Sun Garment Shareholders to Vote on 10% Stake Sale in Hong Kong Office Tower
Lai Sun Development (HKG:0488) and Lai Sun Garment (International) (HKG:0191) shareholders will meet in Hong Kong on May 22 to vote on the sale of unit Peakflow Profits' 10% stake in investment holdin
Hong Kong Stock Afternoon Review | The three major indices of Hong Kong stocks pulled back, and the Tech Index fell nearly 2%; PV stocks reversed the market, and GCL Technology rose more than 6%
Technology Network stocks declined; Bilibili fell more than 6%, NetEase fell more than 4%, Kuaishou and Meituan fell nearly 4%; as concept stocks declined, Huazhu Group fell more than 3%, and Jiumaojiu fell nearly 3%.
HSBC 'Entirely Unaware' of Ping An's Voting Intention for CEO's Board Seat
HSBC (HSBA.L) said Monday that Chief Executive Officer Noel Quinn's decision to leave the company pre-dated any communication from Ping An Insurance about its plan to oppose Quinn's board reappointment.
Bank Ratings | Jefferies: Maintaining China Financial Insurance's “Buy” Rating First Quarter Results Lower Than Expectations
Glonghui, May 7 | Jefferies published a research report showing that the net profit of financial insurance for the first quarter was 5.9 billion yuan, down 38% from year to year and up 13% from quarter to quarter, clearly falling short of market expectations. The company was affected by bad weather during the Lunar New Year, and the composite ratio (CoR) increased 2.2 percentage points year-on-year to 97.9%. In addition, investment income increased by 5% quarterly, but decreased by 36% year-on-year, which also dragged down profit growth. The bank said that the Group's profit for the first quarter was lower than expected, largely due to the fact that investment performance was far weaker than expected. Additionally, in the face of recent profit fluctuations, management has reaffirmed its commitment to shareholder returns. This date is expected to be announced
Intraday Overview | The three major indices of Hong Kong stocks surged and fell, and GCL Technology rose more than 6%
Apple concept stocks rose; BYD Electronics rose nearly 4%; Shunyu Optical Technology rose nearly 3%; gold stocks strengthened, Shandong gold rose nearly 3%, and China Gold International rose more than 2%.
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
May 6 Repurchase Collection | Hang Seng Bank, Swire Group A, etc. bought back one after another. Of these, Hang Seng Bank spent HK$36.803 million
According to HKEx disclosure documents on May 7, $Hang Seng Bank (00011.HK) $ and $Swire Group A (00019.HK) $ repurchased shares. ① $Hang Seng Bank (00011.HK) $ repurchased 350,000 common shares on May 6, involving an amount of HK$36.803 million. The repurchase price for each share ranged from HK$105.7 to HK$104.7. The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 8.734 million shares, accounting for 0.457% of the number of shares issued when the ordinary resolution was passed. ② $Taikoo Shares
Opinions | There is still room for Hong Kong stocks
In terms of industry choices, growth styles are spreading, and the Internet, semiconductors, automobiles, and pharmaceuticals may dominate, but high dividends are still valuable.
Futu Morning Post | The Federal Reserve's “Big Three” Release Pigeons: Interest Rates Will Eventually Be Cut; Tesla Reported to Begin a New Round of Layoffs
Federal Reserve Barkin: The current interest rate level has been able to reduce inflation to 2%; news: Apple is developing artificial intelligence chips for servers; Lucid's loss per share in the first fiscal quarter was higher than expected.
China Taibao (02601.HK) received 6.5722 million shares from J.P. Morgan Chase
Gelonghui, May 7 | According to the latest equity disclosure data from the Stock Exchange, on April 29, 2024, China Taibao (02601.HK) obtained JPMorgan Chase & Co. to increase its holding of 6.5722 million shares at an average price of HK$17.9527 per share, involving an investment of approximately HK$118 million. After the increase in holdings, JPMorgan Chase & Co.'s latest number of positions was 198,836,995 shares, and the holding ratio increased from 6.92% to 7.16%.
Market Chatter: Ping An Not In Favor of HSBC CEO's Appointment in Board
Ping An Insurance (SHA:601318, HKG:2318) voted against the reappointment of HSBC (HKG:0005) Chief Executive Officer Noel Quinn to the lender's board, Reuters reported Saturday, citing an unnamed sourc