Founded in 1988, Ping An Insurance is a major provider of financial products and services, with a focus on life insurance and property and casualty insurance. Ping An is China’s second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services and technology. These business segments contributed 69%, 15%, 11%, 6%, and 2% of the company’s net profit, respectively, in 2019.
- Price/Sales: 1.30
- Price/Book: 1.95
- Price/Earning: 10.93
- Dividend Yield: 2.8%
- Market Cap: HKD1.47 Trillion
- 5 Years Beta: 1.28
- ROA (TTM): 1.62%
- ROE (TTM)): 20.16%
- Net Margin (TTM): 12.88%
- Debt / Equity: 1.53
- AIA Group (01299) HKD863.24 Billion
- China Taiping Insurance (00966) HKD43.70 Billion
- Asia Financial Holding (00662) HKD3.21 Billion
Ping An Insurance is currently trading on a short and medium term uptrend (20D & 50D SMA are trending up). Immediate support at 75 followed by 68.70.
Disclaimer: The above analysis is for my own personal research and it is NOT a buy or sell recommendation. Investors who would like to leverage on my extensive research and years of investing experience can approach me separately for Investment Portfolio Consultation.