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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 CEST

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 2016 515 965 M
EBIT 2016 48 347 M
Net income 2016 43 777 M
Debt 2016 -
Yield 2016 3,85%
P/E ratio 2016 11,73
P/E ratio 2017 11,29
Capi. / Sales 2016 0,99x
Capi. / Sales 2017 1,10x
Capitalization 510 694 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 45,4  TWD
Spread / Average Target 12%
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Managers
NameTitle
Chang Keng Li President & Director
Yan Ju Chen CFO, Senior Deputy GM & Deputy Spokesman
Tsu Pei Chen Director
Andrew Kuo Independent Director
Tsing Yuan Hwang Independent Director
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