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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 457 285 M
EBIT 2016 47 743 M
Net income 2016 43 681 M
Debt 2016 -
Yield 2016 4,33%
P/E ratio 2016 10,61
P/E ratio 2017 10,03
Capi. / Sales 2016 1,00x
Capi. / Sales 2017 1,01x
Capitalization 456 673 M
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 44,6  TWD
Spread / Average Target 23%
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Managers
NameTitle
Chang Keng Li President & Director
Hong Tu Tsai Chairman
Yan Ju Chen CFO, Senior Deputy GM & Deputy Spokesman
Tsu Pei Chen Director
Andrew Kuo Independent Director
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