PNGAY - Ping An Insurance: Focus On Peers' Premium Income Growth And Brand Strength
2024-01-28 02:47:15 ET
Summary
- The latest December 2023 premium income numbers for Ping An Insurance were inferior to that of its key peers.
- But Ping An Insurance is the top Mainland Chinese insurance company on Brand Finance's ranking of global brands.
- I leave my existing Hold rating for Ping An Insurance stock unchanged following a comparison of PNGAY with the company's peers.
Elevator Pitch
Ping An Insurance (Group) Company of China, Ltd. ( PNGAY ) [2318:HK] is still rated as a Hold. In my November 11, 2023 initiation article , I drew attention to Ping An Insurance's risk factors for the near term and the company's growth potential in the long run....
Ping An Insurance: Focus On Peers' Premium Income Growth And Brand Strength