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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 Insurance Unit, China's Zking To Sign Memo of Understanding

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04/24/2012 | 06:31am CET

Cathay Financial Holding Co. (2882.TW) said Tuesday its life insurance unit will sign a memordandum of understanding with China's Zking Property & Casaualty insurance Co. after gaining board approval.

Cathay Financial, Taiwan's biggest financial conglomerate by assets, said under the agreement, the two companies will exchange operating experience.

Taiwan's financial companies are striving to expand beyond the island's saturated insurance market.

-By Lorraine Luk, Dow Jones Newswires; 8862-25022557;lorraine.luk@dowjones.com

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Financials ( TWD)
Sales 2017 487 286 M
EBIT 2017 55 904 M
Net income 2017 49 615 M
Debt 2017 -
Yield 2017 3,37%
P/E ratio 2017 12,65
P/E ratio 2018 12,13
Capi. / Sales 2017 1,36x
Capi. / Sales 2018 1,40x
Capitalization 664 749 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 51,4  TWD
Spread / Average Target 5,2%
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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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