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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Taiping Insurance Holdings Company Limited    966   HK0000055878

CHINA TAIPING INSURANCE HOLDINGS COMPANY LIMITED

(966)
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HK stocks end lower as China sees soft growth in bank loans

11/12/2020 | 03:49am EST

* HK->Shanghai Connect daily quota used -1.5%, Shanghai->HK daily quota used 2.3%

* HSI -0.2%, HSCE +0.4%, CSI300 +0.1%

* FTSE China A50 -0.4%

Nov 12 (Reuters) - Hong Kong stocks ended lower on Thursday, after data showed that new bank loans in China last month fell more than expected to their lowest in a year on tightened loan quotas.

** At the close of trade, the Hang Seng index was down 67.34 points or 0.26% at 26,122.52. The Hang Seng China Enterprises index rose 0.31% to 10,569.52.

** The sub-index of the Hang Seng tracking energy shares fell 1%, while the IT sector rose 4.53%, the financial sector ended 1.69% lower and the property sector closed 2.43% weaker.

** The top gainer in the Hang Seng was Geely Automobile Holdings Ltd, which gained 6.29%, while the biggest laggard was AIA Group Ltd after closing 3.79% lower.

** Lenders issued 689.8 billion yuan ($104.22 billion) in new yuan loans last month, data from the People's Bank of China (PBOC) showed, down from 1.9 trillion yuan in September and well short of analysts' expectations for 800 billion yuan.

** Hong Kong-listed tech giants rebounded from a sharp decline on Wednesday after China published draft rules aimed at preventing monopolistic behaviour by internet platforms, setting the city's benchmark technology index for its worst session in four months.

** China's latest policy has a relatively big impact on HK-listed new economy and tech stocks, Guodu Hong Kong noted in a report, adding that the market focus will return to old economy firms.

** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.23%, while Japan's Nikkei index closed up 0.68%.

** The yuan was quoted at 6.6291 per U.S. dollar at 0802 GMT, 0.01% firmer than the previous close of 6.63.

** At close, China's A-shares were trading at a premium of 38.70% over Hong Kong-listed H-shares. (Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 1.69% 102.1 End-of-day quote.7.47%
ANTA SPORTS PRODUCTS LIMITED -0.88% 135.7 End-of-day quote.10.41%
BANK OF CHINA LIMITED 0.74% 2.73 End-of-day quote.3.02%
CHINA TAIPING INSURANCE HOLDINGS COMPANY LIMITED 1.30% 15.62 End-of-day quote.11.73%
CHINA TELECOM CORPORATION LIMITED -1.34% 2.21 End-of-day quote.2.79%
GEELY AUTOMOBILE HOLDINGS LIMITED 5.62% 33.8 End-of-day quote.27.55%
HANG SENG -0.30% 29344.1 Real-time Quote.8.09%
MEITUAN DIANPING 5.16% 399.8 End-of-day quote.35.71%
MSCI AC ASIA EX JAPAN (STRD, UHD) -1.89% 917.592 Real-time Quote.10.96%
NIKKEI 225 0.31% 28635.21 Real-time Quote.5.02%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.37% 6.49578 Delayed Quote.-0.15%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.29% 6.4822 Delayed Quote.-0.71%
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Financials
Sales 2020 252 B 32 513 M 32 513 M
Net income 2020 6 667 M 860 M 860 M
Net cash 2020 19 878 M 2 564 M 2 564 M
P/E ratio 2020 8,32x
Yield 2020 1,61%
Capitalization 54 198 M 6 991 M 6 992 M
EV / Sales 2020 0,14x
EV / Sales 2021 0,13x
Nbr of Employees 67 087
Free-Float 39,9%
Chart CHINA TAIPING INSURANCE HOLDINGS COMPANY LIMITED
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China Taiping Insurance Holdings Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA TAIPING INSURANCE HOLDINGS COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 17,89 HKD
Last Close Price 15,08 HKD
Spread / Highest target 59,2%
Spread / Average Target 18,6%
Spread / Lowest Target -20,4%
EPS Revisions
Managers and Directors
NameTitle
Si Dong Wang Chairman & General Manager
Ruo Han Zhang Chief Financial Officer & Secretary
Ting Yuk Wu Independent Non-Executive Director
Da Jian Zhu Independent Non-Executive Director
Zhi Chun Xie Independent Non-Executive Director