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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 CET

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 2016 481 513 M
EBIT 2016 49 994 M
Net income 2016 44 781 M
Debt 2016 -
Yield 2016 3,38%
P/E ratio 2016 13,46
P/E ratio 2017 12,67
Capi. / Sales 2016 1,25x
Capi. / Sales 2017 1,24x
Capitalization 603 034 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 49,4  TWD
Spread / Average Target 2,8%
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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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Sector and Competitors
1st jan.Capitalization (M$)
CATHAY FINANCIAL HOLDI..18 905
METLIFE INC15.45%61 178
AXA-11.18%57 445
PRUDENTIAL PLC1.96%51 262
PRUDENTIAL FINANCIAL I..24.96%43 744
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