Ping An Insurance (HKSE: 02318)

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Business Description

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.

 

Fundamental Analysis

  • 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

 

Competitors

  • AIA Group (01299) HKD863.24 Billion
  • China Taiping Insurance (00966) HKD43.70 Billion
  • Asia Financial Holding (00662) HKD3.21 Billion

 

Technical Analysis

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.

 

 

Kenny Loh is a Senior Consultant and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Sympsosium and Invest Fair. 
You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement
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