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Review of Ping An Insurance (2318.HK)
25 Aug 2022 (174 views)  

A year ago, my friend asked for my view about Ping An Insurance (2318.HK). I told him that I prefer to invest in PICC Property & Casualty (2328.HK) as it is undervalued and offer a better return. 

Today, my friend asked again - what is a good time to buy Ping An stock?

I replied - check Yahoo Finance. If you see the PE ratio below 15 times, it would be a good time. 

I checked Yahoo Finance and was surprised to see that at the current price of $44.90 (HKD) the PE (TTM) is now 7.28 times and the dividend yield is 6.58%. 

See the screen shot below. 

What happened to Ping An Insurance? I sw that the price had dropped 30% over the past year. During the same period, the price of PICC P&C increased by 12.5%.

My investment in PICC P&C was certainly better than Ping An.

I find the current price of Ping An to be attractive. I decided to buy 10,000 Ping An shares. 

Note - this is a personal view. I am not giving investment advice. 

Tan Kin Lian

 


Review of Ping An Insurance (2318.HK)
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A year ago, my friend asked for my view about Ping An Insurance (2318.HK). I told him that I prefer to invest in PICC Property & Casualty (2328.HK) as it is undervalued and offer a better return. 

Today, my friend asked again - what is a good time to buy Ping An stock?

I replied - check Yahoo Finance. If you see the PE ratio below 15 times, it would be a good time. 

I checked Yahoo Finance and was surprised to see that at the current price of $44.90 (HKD) the PE (TTM) is now 7.28 times and the dividend yield is 6.58%. 

See the screen shot below. 

What happened to Ping An Insurance? I sw that the price had dropped 30% over the past year. During the same period, the price of PICC P&C increased by 12.5%.

My investment in PICC P&C was certainly better than Ping An.

I find the current price of Ping An to be attractive. I decided to buy 10,000 Ping An shares. 

Note - this is a personal view. I am not giving investment advice. 

Tan Kin Lian