StubWorld: PICC (1339 HK)'s All-Time Low Vs. PICC P&C (2328 HK)
The current NAV discount and implied stub are around all-time low levels. The market is assigning HK$27.4bn less for the stub ops year to date, and...
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FWD Pre-IPO - Thoughts on Valuation
FWD, a pan-Asian life insurer founded by Richard Li, aims to raise up to US$3bn in its US IPO. In this note we will talk about our thoughts on...
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Star Health Insurance Pre-IPO - Leading the Retail Healthcare Insurance Space
Star Health and Allied Insurance (SHAI), the largest private health and retail health insurance company in India, plans to raise around US$1.0bn in...
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Smartkarma Webinar | China Banks: Silver Linings Playbook
Join us on 18 August, 5pm SGT, as we welcome Stanley Tsai, CFA, who will present his views on positioning in China financials in the face of a...
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ZhongAn Online P&C Insurance – Still A Dumpster Fire
ZhongAn Online: ZhongAn reported June 2021 premium growth of 49% YoY. Two factors contributed to the growth: COVID-19 recovery; and low base in...
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