Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Pacific Insurance (Group) Co., Ltd.    601601   CNE1000008M8

CHINA PACIFIC INSURANCE (GROUP) CO., LTD

(601601)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Swiss Re in talks to buy stake in insurer China Pacific

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/06/2019 | 12:06pm EST
FILE PHOTO: The logo of the world's second largest reinsurer Swiss Re is seen outside the company's offices in Zurich

Swiss Re is looking at buying a stake in China Pacific Insurance Co. (CPIC) via a primary offering of the Chinese company's securities, the Swiss re-insurer said on Wednesday.

Swiss Re declined to comment on a separate report that China Pacific was planning to take a stake in the Zurich-based company, but said it was not planning to issue shares or make treasury shares available to any potential investor.

China Pacific said in September it was planning to issue global depository receipts on the London Stock Exchange, potentially opening opportunities for international investors.

"No definitive agreement has been entered into between Swiss Re and CPIC. Any securities offering by CPIC remains subject to various contingencies, including CPIC's decision to proceed with any such offering," Swiss Re said in a statement.

"Separately, Swiss Re has no current intention of issuing new shares or making treasury shares available to any potential investor," the Zurich-based company added.

Late last month, Swiss Re shelved a second tranche of share buybacks due to big claims from natural and man-made catastrophes, but said its capital position remained strong enough to pursue growth opportunities.

(Reporting by John Miller; Editing by Brenna Hughes Neghaiwi and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
CHINA PACIFIC INSURANCE (GROUP) CO., LTD. -0.03% 34.81 End-of-day quote.22.48%
LONDON STOCK EXCHANGE PLC -0.18% 6780 Delayed Quote.67.16%
SWISS RE -0.73% 108.2 Delayed Quote.20.95%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA PACIFIC INSURANCE (G
11/08CHINA PACIFIC INSURANCE : Announcement on poll results for the extraordinary gen..
PU
11/06Swiss Re in talks to buy stake in insurer China Pacific
RE
10/30CHINA PACIFIC INSURANCE : 3Q Net Profit Rose 51%
DJ
10/30CHINA PACIFIC INSURANCE : OVERSEAS REGULATORY ANNOUNCEMENT - Summary of Quarterl..
PU
10/30CHINA PACIFIC INSURANCE : OVERSEAS REGULATORY ANNOUNCEMENT - Summary of Quarterl..
PU
10/30CHINA PACIFIC INSURANCE : OVERSEAS REGULATORY ANNOUNCEMENT - Summary of Quarterl..
PU
10/30CHINA PACIFIC INSURANCE : OVERSEAS REGULATORY ANNOUNCEMENT - Summary of Quarterl..
PU
10/18CHINA PACIFIC INSURANCE : Announcement relating to premium income
PU
10/16CHINA PACIFIC INSURANCE : Notice of board meeting
PU
09/27CHINA PACIFIC INSURANCE : Reply Slip
PU
More news
Financials (CNY)
Sales 2019 320 B
EBIT 2019 34 353 M
Net income 2019 28 366 M
Debt 2019 6 761 M
Yield 2019 3,84%
P/E ratio 2019 11,0x
P/E ratio 2020 10,9x
EV / Sales2019 0,92x
EV / Sales2020 0,82x
Capitalization 289 B
Chart CHINA PACIFIC INSURANCE (GROUP) CO., LTD.
Duration : Period :
China Pacific Insurance (Group) Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA PACIFIC INSURANCE (G
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 38,06  CNY
Last Close Price 34,81  CNY
Spread / Highest target 43,9%
Spread / Average Target 9,34%
Spread / Lowest Target -19,6%
EPS Revisions
Managers
NameTitle
Yan Hong Pan General Manager & Executive Vice President
Qing Wei Kong Chairman
Yuan Han Zhang Chief Financial Officer
Jun Hao Wu Non-Executive Director
Xiao Ning Sun Non-Executive Director