Ping An Insurance: Long term Buy Opportunity
Ping An Insurance Group Co of China Ltd , the country's second-largest insurer by market value, said third-quarter net profit rose 15 percent due to strong insurance sales.
The insurer produced a strong performance even though Beijing has tried this year to limit the growth of short- and mid-term life insurance products to reduce risks from insurers using short-term funds to invest in stocks and long-term assets.
Ping An's net profit was 15.73 billion yuan ($2.32 billion) in the quarter ended September, compared with 13.63 billion yuan the same period last year, it said in a Hong Kong stock market filing.
Ping An is the only Chinese and Asian insurer named by regulators as one of nine insurers considered as systemically important globally.
Ping An is trying to diversify their business in search of higher returns. Ping An's moves to diversify includes aiming for a possible five-fold increase in overseas investments.
Ping An Insurance Group is the controlling shareholder of Ping An Bank, which reported a 4.4 percent third-quarter profit growth on-year.
Attached is a 12 years chart for Ping An. The chart shows that good entry level will be around HKD37.00.
Investors can do a equity link note to strike at that level, earning 8% yield annum, tenure is 1 month.
=> If Ping An share price is below HKD37.00 at expiry date, the note will be converted to Ping An shares at HKD37.00. Investor will still earn 8% yield per annum.
=> If Ping An share price is above HKD37.00 at expiry date, investor will get back principal plus interest.
Earnings trend of Ping An Insurance has been up. Long term direction of a share price follows the earnings trend of the company.
Source: mobile.reuters.com/article/idUSL4N1CX4AU
Temasek is a shareholder of Ping An Insurance: www.temasek.com.sg/portfolio/portfolio_highlights/majorportfoliocompanies.
The insurer produced a strong performance even though Beijing has tried this year to limit the growth of short- and mid-term life insurance products to reduce risks from insurers using short-term funds to invest in stocks and long-term assets.
Ping An's net profit was 15.73 billion yuan ($2.32 billion) in the quarter ended September, compared with 13.63 billion yuan the same period last year, it said in a Hong Kong stock market filing.
Ping An is the only Chinese and Asian insurer named by regulators as one of nine insurers considered as systemically important globally.
Ping An is trying to diversify their business in search of higher returns. Ping An's moves to diversify includes aiming for a possible five-fold increase in overseas investments.
Ping An Insurance Group is the controlling shareholder of Ping An Bank, which reported a 4.4 percent third-quarter profit growth on-year.
Attached is a 12 years chart for Ping An. The chart shows that good entry level will be around HKD37.00.
Investors can do a equity link note to strike at that level, earning 8% yield annum, tenure is 1 month.
=> If Ping An share price is below HKD37.00 at expiry date, the note will be converted to Ping An shares at HKD37.00. Investor will still earn 8% yield per annum.
=> If Ping An share price is above HKD37.00 at expiry date, investor will get back principal plus interest.
Earnings trend of Ping An Insurance has been up. Long term direction of a share price follows the earnings trend of the company.
Source: mobile.reuters.com/article/idUSL4N1CX4AU
Temasek is a shareholder of Ping An Insurance: www.temasek.com.sg/portfolio/portfolio_highlights/majorportfoliocompanies.
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