2318.HK - Ping An Insurance (Group) Company of China, Ltd.
| Previous close | 49.300 |
| Open | 49.850 |
| Bid | 51.550 x 0 |
| Ask | 51.650 x 0 |
| Day's range | 49.850 - 51.950 |
| 52-week range | 31.300 - 65.100 |
| Volume | |
| Avg. volume | 28,710,867 |
| Market cap | 975.697B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | 8.61 |
| EPS (TTM) | 5.990 |
| Earnings date | N/A |
| Forward dividend & yield | 3.40 (6.90%) |
| Ex-dividend date | 14 Jun 2023 |
| 1y target est | 72.04 |
- Financial Times
How HSBC’s China battle threatens to ‘heat right back up’
As the vote results came in, HSBC chair Mark Tucker could finally declare victory at the end of a fractious annual general meeting in Birmingham this month. Tucker had spent a torrid year locked in a war of words with HSBC’s largest shareholder, Chinese insurer Ping An, who had turned activist at the bank’s previous AGM with a demand the 158-year-old bank be split in two. A special resolution backed by Ping An calling for an east-west break-up failed, winning just shy of 20 per cent, far short of the 75 per cent needed for success.
ReutersHSBC puts global footprint under fresh scrutiny, considers dozen exits
LONDON (Reuters) -HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from Chinese shareholder Ping An Insurance, which wants HSBC to prioritise growth in Asia, where the British bank generates 78% of its total profit. "Some of these will have slower progress than others, and none of them is material enough on its own to change the profile of the overall business, but as we progress through and execute on these assessments, we do expect them to contribute towards that shift to Asia," Elhedery said, declining to disclose which markets were under review or the time frame.
ZacksHere's What Could Help Ping An Insurance Co. of China Ltd. (PNGAY) Maintain Its Recent Price Strength
Ping An Insurance Co. of China Ltd. (PNGAY) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Yahoo Finance UKFTSE 100: HSBC sees profits triple with help from Silicon Valley Bank deal
HSBC announces $2bn share buyback as higher interest rates boost earnings.
ReutersHSBC investors hold talks as proxy advisors oppose Asia spinoff
LONDON (Reuters) -HSBC's most vocal individual activist shareholder Ken Lui on Monday said he had spoken for the first time with the bank's largest investor, Ping An, about their controversial proposals to spin off the lender's Asia business. Top management executives of Ping An Asset Management, an investment unit of the Chinese insurer, exchanged views on the proposals with Lui and reaffirmed its support, Lui told Reuters in an interview on Monday. The talks were the first official engagement between Ping An and Lui, who is backed by thousands of small shareholders in Hong Kong, HSBC's largest market.
ReutersHSBC shareholder Ping An to vote for bank's break-up at annual meeting -source
HSBC's biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer's thinking said on Monday. The source said Ping An would vote in favour of two resolutions tabled by individual investor Ken Lui, which call for HSBC to restore dividends to 51 cents per share and to provide regular updates on the possibility of spinning off its Asia business. HSBC recommended that shareholders vote against the resolutions, and has, since Ping An began urging the spinoff last November, maintained that its global presence is worth more than any such fragmentation would yield.
PR Newswire AsiaPing An Board Secretary Richard Sheng: ESG with Chinese Characteristics "Enormous Opportunity" for Investors
Richard Sheng, Board Secretary of Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) attended and spoke on FTSE Russell webinar, titled "ESG investing in China: a new paradigm".
- PR Newswire Asia
Ping An Releases 2022 Sustainability Report Reveals Roadmap to Achieve Carbon Neutrality Goal
Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) has published its 2022 Sustainability Report. The Group's 14th annual sustainability report includes its 3rd report using the international Task Force on Climate-Related Financial Disclosures (TCFD) framework to identify and assess climate-related risks and opportunities for the business. This year, the sustainability report also outlines Ping An's roadmap to achieve carbon neutrality and covers th
- PR Newswire Asia
Ping An P&C received a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) by AM Best
Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An Group," or the "Group," HKEX: 2318; SSE: 601318) announced that AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) to Ping An Property & Casualty Insurance Company of China, Ltd. (hereafter "Ping An P&C" or the "Company"). The outlook assigned to these Credit Ratings (hereafter "ratings") is stable. The ratings reflect Ping An P&C's balance sheet strength,
ZacksAre Investors Undervaluing Ping An Insurance Co. of China (PNGAY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- PR Newswire Asia
Ping An reports RMB148,365 million of operating profit attributable to shareholders of the parent company in 2022, annual cash dividend per share grows by 1.7% year on year
Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An of China," "Ping An," or the "Group," HKEX: 2318; SSE: 601318) today announced its financial results for the year ended December 31, 2022.
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- PR Newswire Asia
Ping An Chief Investment Officer: Group's responsible investments aligned to China's green transition
Benjamin Deng, Chief Investment Officer of Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318), says the Group's responsible investment priorities are aligned to China government's green transition policy.
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ReutersHSBC activist shareholder demands AGM vote on Asia business spin-off
HSBC's most vocal minority investors are demanding a vote at the global lender's 2023 shareholder meeting in May on whether it should devise a formal plan to boost returns by spinning off its lucrative Asian business. Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group calling for a break up of the bank, is one of at least 100 retail investors calling for such a vote, a letter sent to HSBC on Feb. 20 and reviewed by Reuters shows. A second proposed resolution calls on HSBC to restore pre-COVID-19 dividend levels equivalent to at least 51 cents per share annually, up from the 32 cents it paid out in 2022.
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- PR Newswire Asia
Ping An Bank Hong Kong Branch granted insurance agency license
Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) announced that Ping An Bank Hong Kong Branch (the "branch") has been granted an insurance agency license by the Hong Kong Insurance Authority.
ZacksThe Zacks Analyst Blog Highlights Ping An Insurance Co. of China, Commonwealth Bank of Australia and Tokio Marine
Ping An Insurance Co. of China, Commonwealth Bank of Australia and Tokio Marine are part of the Zacks top Analyst Blog.
ZacksIs Ping An Insurance Co. of China (PNGAY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ZacksIs Ping An Insurance Co. of China (PNGAY) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ZacksWhat Makes Ping An Insurance Co. of China Ltd. (PNGAY) a Good Fit for 'Trend Investing'
Ping An Insurance Co. of China Ltd. (PNGAY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
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