Ping An's 1H Recorded Strong Growth in Operating Profits and EV
No-moat Ping An Insurance's first-half results were strong, posting 34% year-on-year growth in net profits and accounting for 65% of our full-year forecast. We maintain our CNY 80 fair value estimate for A shares and lower fair value estimate for H shares to HKD 92 from HKD 100 to reflect the latest Chinese yuan/Hong Kong dollar exchange rate. With the H shares trading at a 20% discount to our fair value estimate, while the A shares are on a 22% discount, we believe the stock is undervalued as t...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.