$Ping An Insurance (Group) Company Of China, Ltd.(601318)$
Key takeaways from interim report:
-Overall, business revenue increase across all segment
-Dividend increased by 10%
-Share buybacks at RMB 5-10 bil
-Free cash flow increased 27%
-Company informed on 90% population already has Insurance. Growth may slow but company is looking for other channels to grow company
Comments by me:
Very positive outlook. Overall impressed with the interim report. Recommend to buy. Target price FCF based valuation 110 CNH.
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