Why Ping An Insurance Has Another 40% Upside

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The Hang Seng China Establishments Directory is up 0.8% on Friday morning, brought by Ping An Insurance‘s (2318.Hong Kong) solid 2.8% gain. Ping A just documented its 2016 full-year results.

Ping An’s earnings’ most surprising part is its dividend boost. Ping A one last dividend of 0.55 yuan a share, taking the entire-year dividend to 0.75 yuan per share. That sets the inventory on the 1.9% dividend yield. That’s a good 42% surge as a whole returns in comparison to 2015.

Although Ping An’s complete-year profits weren’t entirely unexpected to traders, they nevertheless underscored the insurance long-term of delivering development track record. Nomura Securities‘ Shengbo Tang offered a graph that was compelling, displaying that Ping A has been fulfilling its shareholders nicely. Net profit to investors increased at an annualized 28.4% velocity over the 12 years.

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