Ping An update
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Eröffnet am: | 16.01.07 06:54 | von: skunk.works | Anzahl Beiträge: | 43 |
Neuester Beitrag: | 17.10.07 17:45 | von: andy1964 | Leser gesamt: | 14.346 |
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2007/06/04 12:31
1120 [Dow Jones] Ping An (2318.HK) down 0.5% at HK$46.80 on its first day trading as new HSI constituent, off high of HK$47.15.
"Investors had mostly closed off short-covering positions last week,
which caused shares to rise (+4% Friday). Now, the stock is likely to take a breather after recent gains," says Francis Lun at Fulbright; stock +12% since end-April. Short-term support likely at 10-day moving average around HK$45.72.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com (Delayed by 1 hour)
viel Glück
Performance
Zeitraum Veränderung Zeitraum Datum Kurs
1 Woche +7,42% 52W Hoch 03.01.2007 4,67
1 Monat +5,95% 52W Tief 15.06.2006 1,93
1 Jahr +139,90% Jahreshoch 03.01.2007 4,67
laufendes Jahr +10,24% Jahrestief 05.03.2007 2,98
Date 18 / 6
Source Fulbright Securities
Ping An Insurance (02318) The insurance group has just acquired 4.95% of Minsheng Bank, a medium size bank in China. The Group has already invested in Shenzhen Development Bank. Its banking affiliates now have branches all over China. The Bank branches can sell Ping An insurance policies. Buy $48.60 Target $55.00 Cut loss $40.00
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Ping An Insurance
Date Open High Low Last Change Volume§% Change
06/15/07 6.1500 6.1500 6.1000 6.1500 +0.2000 4000+3.36%
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Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 12295
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 9562
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 26402
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
6.1500 6.0833 6.1333 6.1833
BROKER CALL - China Life, Ping An 'buy' reiterated on strong growth -
Citigroup
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BEIJING (XFN-ASIA) - Citigroup has reiterated its ""buy/low risk"" call on China Life Insurance with a target price of 30.50 hkd on strong premium growth.
""We estimate that China Life is still expected to deliver more than 20 pct new-business growth in 2007 as the leading life insurer continues to improve its product mix,"" Citigroup analyst Bob Leung said.
Citigroup added that the main upside risks include widening investment channels and rising interest rates allowing China Life to achieve investment yield in excess of its own pricing assumptions.
Downside risk could come from a 'hard landing' caused by a significant correction in the market, falling interest rates and increased competition from foreign players.
""If any of these factors has a greater impact than we expect, the stock could have difficulty achieving our target price,"" Leung said.
Separately, Citigroup said it maintained its ""buy/low risk"" rating on Ping An Insurance with a target price of 50.56 hkd based on the strength of its non-life, banking and securities divisions and more efficient distribution and product mix, resulting in further margin expansion.
(1 usd = 7.8 hkd)
fergus.naughton@xfn.com
2007/06/21 12:25
1106 [Dow Jones] China's 2 listed insurance companies rising on expectations Beijing may raise interest rates further to cool economy. "Interest rate hikes will lead to higher investment returns for insurance companies, which put a large portion of their assets in bonds and deposits," says Shao Ziqin at Ping An Securities. Notes long-term outlook for insurers rosy, as China has entered rate hike cycle; expects great business potential for insurers because of low market penetration in China. China Life Insurance (601628.SH) +6.5% at CNY42.70, Ping An Insurance (601318.SH) +3.3% at CNY73.00; both in active trade. (ZZJ) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (Delayed by 1 hour)
By Zhang Fengming
PING An Insurance (Group) Co has received regulatory approval to buy Ping An Bank and merge it with Shenzhen Commercial Bank in a move that beefs up the financial services strength of China's second-biggest insurer.
The China Banking Regulatory Commission approved a plan to allow Ping An Insurance to take over the Shanghai-based Ping An Bank through its Shenzhen Commercial Bank, Ping An Insurance said in a statement to the Shanghai Stock Exchange yesterday.
Under the plan, Shenzhen Commercial Bank sought to acquire a 27 percent stake in Ping An Bank from HSBC for US$29.4 million and pick up the rest from Ping An Trust & Investment, a subsidiary of Ping An Insurance, the Shenzhen-based insurer said.
The two banking arms will be merged and renamed Shenzhen Ping An Bank Co, which will operate a network of about 50 outlets in Shenzhen, Shanghai and Fuzhou.
The merger also enables Ping An Bank, formerly a Sino-foreign joint venture, to offer unlimited retail yuan services to Chinese.
Ping An bought 89 percent of Shenzhen Commercial Bank for 4.9 billion yuan in July 2006, gaining 46 branches in the southern Chinese city and a credit-card license.
Sun Jianyi, executive deputy general manager of Ping An Insurance, said last year that the insurer's banking strategy is to create a single-brand lending business.
Ping An Insurance is gearing up to build itself into a Chinese version of rivals such as Citigroup Inc by offering a full range of financial services, including banking, insurance and assets management.
Ping An Insurance said in March that it had gained a license to run an assets management firm in Hong Kong as the group's overseas investment arm.
Ping An expects to get two-thirds of its revenue from banking, securities and asset management in the long run, compared with about 10 percent at the end of last year.
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Last Updated: 17/9/2007 12:20:00 HKT
2318 PING AN 88.65 +2.9 +3.38% 772,618 8,818
Ping An Insurance (Group) Co of China Ltd (SHA 601318; HK 2318) may become a strategic investor in central Henan province-based power equipment maker XJ Group, the parent of XJ Electric Co Ltd (SZA 000400), the 21st Century Business Herald reported, citing sources.
It will be the first equity investment for Ping An, China's second largest insurer, the report said.
XJ Group had 2006 operating revenue of 6.6 bln yuan and a profit of 450 mln.
The group is also the largest shareholder in Central China Securities with a 40.6 pct stake, and the report said Ping An will be interested in this holding.