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4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Cathay Financial Holding Co., Ltd.    2882   TW0002882008

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Cathay Financial Holding Co., Ltd. : Cathay Financial : China Grants Life Insurance Unit QFII License

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03/01/2012 | 11:33am CEST

Cathay Financial Holding Co. (2882.TW) said Thursday that China has granted its life-insurance unit a qualified foreign institutional investor license, which will allow it to invest in yuan-denominated stocks and bonds in China.

The unit will need to seek separate approval from China for an investment quota under the QFII license.

Cathay Financial's asset-management unit secured a quota of US$100 million as a QFII investor in December.

-By Aries Poon, Dow Jones Newswires; 886-2-25022557; aries.poon@dowjones.com

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Financials ( TWD)
Sales 2017 498 117 M
EBIT 2017 56 366 M
Net income 2017 49 246 M
Debt 2017 -
Yield 2017 3,52%
P/E ratio 2017 12,80
P/E ratio 2018 12,15
Capi. / Sales 2017 1,35x
Capi. / Sales 2018 1,44x
Capitalization 674 883 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 53,5  TWD
Spread / Average Target 7,8%
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Managers
NameTitle
Chang Keng Li President & Director
Hong Tu Tsai Chairman
Yan Ju Chen Chief Financial Officer & Deputy Spokesman
Tsu Pei Chen Director
Tsing Yuan Hwang Independent Director
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