Opinions Christine Tan
Ping An Insurance Group2318.HKTOP PICKAug 31, 2017
Christine TanOwned
N/A
Stock price when the opinion was issued
$94.55
As of Oct 24, 2019. Market Open.
insurance
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
This is the largest life insurance company in China. It is a diversified, with 2/3 of their business life and nonlife, but they also have Ping An Bank and Ping An Trust, which issues wealth management products. She likes the insurance as a secular growth theme because of the big savings pool. People in China like to save. Now that they are wealthier, they are starting to think more about safety. Inexpensive, trading at around 11X earnings, and growing earnings at about 13% year-over-year. Dividend yield of 1.9%. (Analysts’ price target is HKD72.24.)