2318.HK - Ping An Insurance (Group) Company of China, Ltd.

HKSE - HKSE Delayed price. Currency in HKD
73.600
+3.250 (+4.62%)
As of 11:46AM HKT. Market open.
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Previous close70.350
Open72.950
Bid73.550 x 0
Ask73.600 x 0
Day's range72.200 - 73.750
52-week range58.850 - 98.850
Volume67,645,574
Avg. volume43,914,044
Market cap1.478T
Beta1.53
PE ratio (TTM)12.30
EPS (TTM)5.983
Earnings dateN/A
Forward dividend & yield1.82 (2.62%)
Ex-dividend date2018-06-07
1y target est86.76
  • Ping An Insurance Says Internationalization Has Already Began
    Bloomberg1 hour ago

    Ping An Insurance Says Internationalization Has Already Began

    James Garner, group chief strategist at Ping An Insurance (Group) Co, talks about the company's financial results and business outlook. Net income rose 34 percent in the first half, while profitability ...

  • Ping An's Prudential Tilt Hints at Home Troubles
    Bloomberg13 days ago

    Ping An's Prudential Tilt Hints at Home Troubles

    Ping An has evaluated acquiring the U.K. insurer's fast-growing business in the region, Manuel Baigorri, Ruth David, Steven Yang and Zhang Dingmin of Bloomberg News wrote Wednesday. The Shenzhen-based firm has gone so far as to talk to banks about financing a deal that, including Prudential's Eastspring asset management, could be valued at $51.5 billion, analysts at Panmure Gordon & Co. reckon. Prudential Chief Executive Officer Mike Wells has made no secret of its love for Asia over a low-growth, mature U.K. business.

  • Ping An Weighs Bid For Prudential’s Asian Business
    Bloomberg14 days ago

    Ping An Weighs Bid For Prudential’s Asian Business

    Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese acquisition. Potential buyers may well have to pay a premium to that to gain control, Cornes said.

  • Ping An OneConnect's Qiu Discusses Fintech, Regulations
    Bloomberglast month

    Ping An OneConnect's Qiu Discusses Fintech, Regulations

    Hannah Qiu, chief innovation officer at Ping An Insurance (Group) Co.'s OneConnect Financial Technology Co. unit, talks about the business prospects and market regulations. OneConnect offers AI-powered ...

  • Ping An’s Right to BeTaking Stock
    Bloomberglast month

    Ping An’s Right to BeTaking Stock

    China’s largest insurer by market value on Tuesday said it plans to purchase a 19.7 percent stake in property developer China Fortune Land Development Co. The same day, people familiar with the matter said the company was in talks with other investors about a potential joint bid for Beijing-based plasma treatment provider, China Biologic Products Holdings Inc. With China’s stock market down in the dumps, Ping An’s swift move to acquire stakes in listed firms looks smart. JPMorgan Chase & Co. says investors are worried insurance giants will have to tap equity markets for funds, while Bernstein Research blames a 12 percent decline in first-quarter sales coupled with the fintech sector losing its luster after a regulatory crackdown.

  • Ping An Said to Mull Rival Takeover Offer for China Biologic
    Bloomberglast month

    Ping An Said to Mull Rival Takeover Offer for China Biologic

    Ping An Insurance (Group) Co., China’s largest insurer by market value, is considering a rival offer for plasma treatment provider China Biologic Products Holdings Inc., people familiar with the matter said. An arm of Ping An is in talks with other investors about a potential joint bid for Beijing-based China Biologic, according to the people, who asked not to be identified because the information is private. Any offer would be higher than the $110-per-share proposal from Chinese buyout firm Citic Capital, which valued U.S.-listed China Biologic at about $3.6 billion, the people said.

  • Ping An to Buy 20% Stake in Chinese Developer for $2 Billion
    Bloomberglast month

    Ping An to Buy 20% Stake in Chinese Developer for $2 Billion

    A unit of Ping An Insurance (Group) Co., China’s largest insurer by market value, plans to purchase a 19.7 percent stake in local developer China Fortune Land Development Co. The insurer’s asset management unit will spend 13.8 billion yuan ($2.1 billion), or 23.66 yuan a share, to buy 582 million shares of the builder from the company’s controlling shareholder, China Fortune Land said in a filing to the Shanghai Stock Exchange on Tuesday. The purchase of the stake comes after a renewed drive by Chinese regulators to contain risks in the property market, dragging down an index of Chinese property companies by 16 percent in the past month.

  • Why Fundamental Investors Love Ping An Insurance (Group) Company of China Ltd (HKG:2318)
    Simply Wall St.2 months ago

    Why Fundamental Investors Love Ping An Insurance (Group) Company of China Ltd (HKG:2318)

    Ping An Insurance (Group) Company of China Ltd (HKG:2318) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at variousRead More...

  • New Hong Kong Tech Darling Hawks IPO With Rare Valuation Metric
    Bloomberg4 months ago

    New Hong Kong Tech Darling Hawks IPO With Rare Valuation Metric

    As Hong Kong welcomes listings from unprofitable tech companies, investors need to get used to some new valuation metrics.

  • Hot Hong Kong IPOs to the Rescue
    Bloomberg4 months ago

    Hot Hong Kong IPOs to the Rescue

    Investors may just have found the reason they need to keep on pushing two of Hong Kong's best-performing blue chips higher. After more than doubling in 2017, shares of Tencent Holdings Ltd. and Ping An Insurance Group Co. have lost momentum. Tencent is valued at 36 times estimated 2018 earnings -- 56 percent more expensive than Facebook Inc. Ping An's Hong Kong stock, meanwhile, is trading at a rare premium to its yuan-denominated shares in Shanghai, a sign of global investors' enthusiasm.

  • Ping An Good Doctor Starts Preparing $1.1 Billion Hong Kong IPO
    Bloomberg4 months ago

    Ping An Good Doctor Starts Preparing $1.1 Billion Hong Kong IPO

    Ping An Good Doctor, a unit of China’s biggest insurer by market value, attracted cornerstone investors including GIC Pte and Khazanah Nasional Bhd. to a Hong Kong initial public offering that could raise ...

  • Bloomberg5 months ago

    Why Ping An Is Spending Heavily on Tech

    James Garner, Ping An Group chief strategist, discusses the company's investment strategy with Bloomberg's Yvonne Man and Betty Liu on "Bloomberg Daybreak: Asia." Steven Lam, Bloomberg Intelligence ...

  • Ping An's Spinoff Lottery
    Bloomberg5 months ago

    Ping An's Spinoff Lottery

    Strength of the core insurance business is a small compensation.

  • SoftBank Develops Ping An Fever
    Bloomberg7 months ago

    SoftBank Develops Ping An Fever

    There are tempting targets beyond the Chinese insurer's Good Doctor.

  • China's $189 Billion Giant of Finance Reveals a Huge Bet on Tech
    Bloomberg8 months ago

    China's $189 Billion Giant of Finance Reveals a Huge Bet on Tech

    These days, every big finance company worth its salt is finding ways to boost its bottom line with technology. Few are going quite as far as Ping An Insurance (Group) Co.

  • Ping An Catches Tech Fever
    Bloomberg9 months ago

    Ping An Catches Tech Fever

    China's second-biggest insurer is trading like a hot internet stock. Caution is warranted.

  • China's Ping An Is No. 2 to Berkshire Hathaway and Rising
    Bloomberg9 months ago

    China's Ping An Is No. 2 to Berkshire Hathaway and Rising

    A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet.

  • ACN Newswire9 months ago

    Lufax hits the Top 10 of The Fintech100 Globally With the first spot in the "Trading and Capital Markets Platform" category

    SHANGHAI, Nov 20, 2017 - (ACN Newswire) - From PEOPLE.cn SHANGHAI--Recently, KPMG International, one of Big Four accounting firms has teamed up with H2 Ventures, a Fintech Venture Capital corporation to jointly announce the 2017 list of the year's best fintech innovators from around the world (The Fintech100), in which, Lufax ranked No.6 with its impressive performance in big data analysis and advanced risk assessment models, also hit the first spot in the "Trading and Capital Markets Platform" category. The Fintech100 has strong impact internationally, including 100 outstanding fintech companies from 29 countries. It represents the most innovative companies, creating products and services at the juncture of technology and financial services who are seeking to disrupt the existing processes and products that dominate the marketplace, as well as to discover the next most promising unicorn in the industry.

  • ACN Newswire9 months ago

    Greg Gibb of Lufax Holdings: On of the Impact of Big Data and AI on the Future of Finance

    HONG KONG, Nov 15, 2017 - (ACN Newswire) - "It only takes a few minutes or even seconds to make a decision on a loan, which in turn increases the loaning opportunity for each borrower," said Greg Gibb, opening his keynote speech on the impact that Big Data and Artificial Intelligence (AI) will have on the financial sector. Greg believes that big data and AI financial management can increase market transparency, and as such, financial institutions could render investors with more pertinent services and assist their clients to diversify investment risk, while improving operational efficiency and sustaining real economic development. Greg pointed out that big data and AI help institutions to understand the credit standing of an individual borrower from multiple perspectives so that a rapid decision could be made.