Ping An (2318 HK) - 1Q24 NBV Beat; Life OPAT Y/Y Turned Positive
Ping An’s first-quarter results show resilience in core lines, with Life VNB +20.7% YoY to RMB12.9bn under new EV assumptions, beating market...
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Ping An (2318 HK) - Resilient DPS Despite OPAT Decline
Ping An reported FY23 results, with the L&H EV economic assumptions cut by 50bps on long-term investment return from 5.0% to 4.5%, and 150bps on...
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Ping An A/H Premium: Blow Out Could Lead to Sharp Reversal
The Ping An AH premium has dropped from the highs of 40% mid last week. There should be a further drop in the AH premium, but it could be a bumpy...
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Japan Post Insurance - Weakening Policies In Force and Meaningful Hits from Non-Operational Items
Weakening policies in force, high claims and operating costs, and substantial non-operational negatives, are cancelling out any positives in new...
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Shulan Health Management Pre-IPO - Still Ramping up but Only a Small Player
Shulan Health Management (1807987D CH) is looking to raise around US$150m in its Hong Kong IPO. In this note, we talk about the firm’s historical...
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