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Ping An Insurance (Group) Company of China, Ltd. Sponsored ADR Class HPing An Insurance (Group) Company of China, Ltd. Sponsored ADR Class HPing An Insurance (Group) Company of China, Ltd. Sponsored ADR Class H

Ping An Insurance (Group) Company of China, Ltd. Sponsored ADR Class H

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Ping An Group (2318) is on the long riseHere is my Elliott Waves analysis for 2318 on HKEX. I did it for all history of the group and believe that we are at the start of wave 3 of very very big 3 now, which means it is going to be multi-year rise, of course, if the count is correct. After making a long correction, which I labeled as W-X-Y, the stock started to print a leading expanding diagonal. I detected this pattern in a number of stocks in China as situation started to improve with government support (JD is an example, see my previous idea). I believe that correction is 99% behind as we gapped up today on decent volumes from the bullish flag upper edge. And this today's move pushed the price above 200 Weekly EMA and closed there. Bullish cross of 50 to 100 EMAs on weekly is coming right now. I don't want to wait for EMAs to perfectly line up as now there is enough evidence for we are set to go higher long term. Full big picture labelling can be found here:
HKEX:2318Long
by evgenii_tr_tech
Ping An Insurance - getting closer to another breakoutThe support at 29.85 was fairly strong and the price point proven itself to a minor rally but ain't strong enough to break out from the bearish trend line. We are at this juncture once more where it could either break out soon and continues rally or revisit the support line at 29.85 , consolidate for a while more before the breakout, hopefully not a breakdown. It pays a good stable dividend of over 7% and is pretty diversified in tech, insurance both online and offline and secure businesses from the government as well. At its peak, it was well over 100 and now at 35, it is almost a 70% fall from its glorious days. Good to accumulate and wait out for the tide to turn around..........
HKEX:2318Long
by dchua1969
Ping An Insurance UpdateI am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses. As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course buying in SG dollars , one will have to incur the foreign exchange loss (roughly around 2-3% ) after conversion. LINK Reit has wider geographical coverage compared to pure Singapore play which is what I like for diversification. I have a small position in PING AN but am monitoring its share price to catch a better price. No hurry to DCA. Please DYODD
HKEX:2318
by dchua1969
Morgan Stanley rated A the Ping An Insurance for secong year Revenue: $156.2 billion Net Income: $14.7 billion Market Cap: $114.8 billion 1-Year Trailing Total Return: ~7.5% Exchange: OTC Markets According to Investopedia, it is the 3rd biggest Chinese company and in the top 5 insurance companies in the world Ping An Insurance provides insurance, financial services, and banking. It is one of the top 50 companies on the Shanghai Stock Exchange. Founded in 1988, it was China's first joint-stock insurance company. Its subsidiaries include Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health. Hong Kong and Shanghai, Nov. 29, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, a powerhouse in the insurance sector, proudly declares its stellar achievement in the latest Environmental, Social, and Governance (ESG) Ratings by Morgan Stanley Capital Investment (MSCI). Securing an A rating for the second consecutive year, Ping An reaffirms its commitment to sustainable practices. Notably, the Group maintains its top-tier position in the multi-line insurance & brokerage industry in the Asia-Pacific (APAC) region. This accolade underscores Ping An's unwavering dedication to excellence and responsible corporate citizenship. Investors take note of Ping An's remarkable ESG track record as it continues to lead the way in the industry. Ping An takes proactive steps in addressing climate change challenges, utilizing its integrated finance capabilities to advance green finance initiatives and support China's ambitious targets of achieving "carbon peak and neutrality in 2030 and 2060 respectively." In responsible investment, Ping An implements the active ownership principle, integrating Environmental, Social, and Governance (ESG) factors into research, analysis, and investment decisions. The company actively oversees and participates in ESG management for portfolio companies, ensuring their healthy development. By June 2023, Ping An's green investments in insurance assets reached an impressive RMB140.929 billion. The current entry-level is looking promising being close to the all-time lows with much higher upside potential than the downward one.
OTC:PNGAYLong
by Elite_Forex
Ping An (2318.HK) - Buy at minor correction Since the breaking out of the descending triangle on 6th Jan 2022, the up trend is confirmed with the Ichimoku heading for a three bullish crossover. However, some weakness is observed at HK$60.90 immediate resistance thus we can take this opportunity to buy at support. DM+ is seen sloping upwards while DM- is seen sloping down below the Average directional index. As such, we believe overall trend is tilting towards the bullish side.
HKEX:2318Long
by William-trading
Ping An Insurance - A fintech Playwww.businesstimes.com.sg This is what I would be watching closely as well. If you understand how insurance works, it is a fantastic business model of risk and rewards. By collecting regular premium from life insurance products and reinvesting to make greater profits, the risks of payout is smaller over a long period of time is smaller compared to what is collected. Despite the good profits declared, the share price dropped , creating a good buying opportunity for us. See chart for explanation.
HKEX:2318Long
by dchua1969