AIA – Change in FYE Leads to Additional Growth Questions
* Unresolved Accounting Questions: A recently changed FYE to December coupled with a failure to disclose several months of data disallow reasonable...
174 Views
PICC P&C – Heavy Headwinds
* Regulatory Challenges: Auto pricing reform is negative for P&C segment loss ratios given the higher premium discounts; and mainland Chinese...
144 Views
Tencent and Ping An Sliding Toward Our Bear Objectives
Tecent and Ping An continue to work their way lower after our March 22 sell call. More importantly these bell weathers have a direct impact on...
151 Views
Ping An Good Doctor: Priced to Induce Altitude Sickness
Ping An Healthcare And Techn (1573582D HK) /PAHTG is a leading Chinese internet healthcare company. It announced its IPO price range of...
492 Views
AIA Group Ltd. – Risk & Reward of Chinese Insurance Reforms
* Pension Reform/Foreign Ownership Reforms: Whilst reform has been anticipated for well over a decade, the initial market reaction suggests this...
156 Views