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

HKSE - HKSE Delayed price. Currency in HKD
76.900
-0.500 (-0.65%)
As of 11:59AM HKT. Market open.
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Previous close77.400
Open78.200
Bid76.750 x 0
Ask76.800 x 0
Day's range76.400 - 78.200
52-week range67.150 - 98.850
Volume10,742,114
Avg. volume44,715,575
Market cap1.428T
Beta (3Y monthly)1.43
PE ratio (TTM)12.85
EPS (TTM)5.983
Earnings dateN/A
Forward dividend & yield1.41 (1.83%)
Ex-dividend date2018-09-06
1y target est87.50
  • Ping An Is Said to Plan $2 Billion IPO of Health Tech Unit
    Bloomberg13 days ago

    Ping An Is Said to Plan $2 Billion IPO of Health Tech Unit

    A listing of Ping An Healthcare Technology, which provides platforms used by hospitals, insurers and pharmacies, could take place as soon as next year, according to the people. Ping An Healthcare Technology raised $1.15 billion from investors including SoftBank Group Corp.’s Vision Fund in a series A funding round announced in February. Good Doctor, which raised $1.1 billion in a Hong Kong IPO in April, has fallen 31 percent from its offer price through Wednesday.

  • Ping An Is Said to Plan $2 Billion IPO of Health Tech Unit
    Bloomberg13 days ago

    Ping An Is Said to Plan $2 Billion IPO of Health Tech Unit

    A listing of Ping An Healthcare Technology, which provides platforms used by hospitals, insurers and pharmacies, could take place as soon as next year, according to the people. Ping An Healthcare Technology raised $1.15 billion from investors including SoftBank Group Corp.’s Vision Fund in a series A funding round announced in February. Good Doctor, which raised $1.1 billion in a Hong Kong IPO in April, has fallen 31 percent from its offer price through Wednesday.

  • Ping An Real Estate Head Named Winter Properties' President
    Bloomberg2 months ago

    Ping An Real Estate Head Named Winter Properties' President

    Rick Singer, the former chief executive officer of Chinese insurer Ping An’s U.S. real estate venture, has joined Winter Properties as president. Singer starts this month at Winter, a New York-based real estate investment, management and development company backed by the founders of closely held Standard Industries. “Rick’s background and leadership will give us the ability to accelerate the execution of our strategy,” Winter Properties Co-CEO David Winter said in a statement to Bloomberg.

  • Qatar Fund Is Near Investment in China's Top Online Lender
    Bloomberg2 months ago

    Qatar Fund Is Near Investment in China's Top Online Lender

    The Qatar Investment Authority is in advanced talks about an investment in Lufax, China’s biggest online lender, as the sovereign wealth fund seeks to tap into the world’s second-largest economy, people familiar with the matter said. QIA has been negotiating the potential purchase of a minority stake in Lufax, which is an arm of China’s Ping An Insurance (Group) Co., according to the people. Ping An, China’s largest insurer by market value, has been spending on technology to make its insurance, banking and asset management businesses more competitive.

  • Why Ping An Insurance Is Investing in Technology Research
    Bloomberg2 months ago

    Why Ping An Insurance Is Investing in Technology Research

    Jessica Tan, deputy chief executive officer of Ping An Insurance (Group) Co., China’s largest insurer by market value, explains why the company is investing in technology research. She speaks on the sidelines ...

  • Foreigners Love This Stock That China Investors Seem to Hate
    Bloomberg2 months ago

    Foreigners Love This Stock That China Investors Seem to Hate

    The largest Chinese insurer by market value is 2018’s most popular mainland stock among foreign investors, who have net bought 16.1 billion yuan ($2.4 billion) of its Shanghai-traded shares, according to Bloomberg calculations. On the other hand, it’s being ditched in Hong Kong by Chinese investors. “Views are diverging between mainland and foreign investors toward Ping An,” said Steven Lam, a Hong Kong-based analyst at Bloomberg Intelligence.

  • Ping An Insurance Says Internationalization Has Already Began
    Bloomberg3 months 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
    Bloomberg3 months 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
    Bloomberg3 months 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
    Bloomberg4 months ago

    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
    Bloomberg4 months ago

    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
    Bloomberg4 months ago

    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
    Bloomberg4 months ago

    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.5 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
    Bloomberg7 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
    Bloomberg7 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
    Bloomberg7 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 ...

  • Bloomberg8 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
    Bloomberg8 months ago

    Ping An's Spinoff Lottery

    Strength of the core insurance business is a small compensation.

  • SoftBank Develops Ping An Fever
    Bloomberg9 months ago

    SoftBank Develops Ping An Fever

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