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Ping An Insurance (Group) Company of China, Ltd. (2318.HK)
| Previous close | 39.550 |
| Open | 40.200 |
| Bid | 40.350 x 0 |
| Ask | 40.400 x 0 |
| Day's range | 39.850 - 40.950 |
| 52-week range | 29.550 - 57.450 |
| Volume | |
| Avg. volume | 49,667,009 |
| Market cap | 819.416B |
| Beta (5Y monthly) | 0.78 |
| PE ratio (TTM) | 7.93 |
| EPS (TTM) | 5.090 |
| Earnings date | 27 Aug 2024 - 02 Sept 2024 |
| Forward dividend & yield | 2.64 (6.68%) |
| Ex-dividend date | 07 Jun 2024 |
| 1y target est | 57.53 |
- Thomson Reuters StreetEvents
Q1 2024 OneConnect Financial Technology Co Ltd Earnings Call
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ReutersTop HSBC shareholder Ping An will retain investment in bank, source says, amid sale talk
Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after reports it was considering selling more shares. "We continue to be positive about HSBC and will continue to hold the investment," said the source, who declined to be identified because of the matter's sensitivity. Ping An Asset Management, a wholly-owned unit of Ping An Insurance, did not immediately reply to Reuters' request for comment.
ReutersHSBC's biggest investor Ping An mulls options to cut stake, Bloomberg News reports
The Chinese insurance giant, which emerged as a major shareholder in HSBC in 2017 through its asset management arm and has had a tumultuous relationship with the lender in the recent past, has been offloading shares in the London-headquartered banking group. It has sold HSBC shares worth $50 million so far this month and the report adds Ping An is considering selling more as it looks to cut its $13.3 billion stake in the lender. Ping An had been pushing the lender to implement a slew of reforms, including spinning off its Asia business.
