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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Ping An Insurance Group Company    601318   CNE000001R84

PING AN INSURANCE GROUP COMPANY (601318)
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Ping An Insurance of China : China's Lufax picks banks for up to $5 billion Hong Kong IPO - IFR

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12/05/2017 | 11:46am CEST

HONG KONG (Reuters) - Chinese online wealth management firm Lufax has hired five banks to work on an up to $5 billion (£3.8 billion) Hong Kong initial public offering, IFR reported, citing people familiar with the situation.

Lufax, backed by Ping An Insurance, has mandated Citic Securities, Citigroup, JP Morgan, Morgan Stanley and Goldman Sachs as joint sponsors for the float, according to IFR, a Thomson Reuters publication.

Lufax, valued at $18.5 billion in its last fundraising round in January 2016, could be raising $3 billion-$5 billion in the IPO as early as the first half of 2018, IFR reported.

Lufax and Ping An did not immediately respond to requests for comment by Reuters.

When asked by IFR, a spokesperson for Lufax declined to comment on whether the company had mandated banks for an IPO, and said there was “no schedule at this moment”.

(Reporting by Fiona Lau of IFR, Writing by Kane Wu; Additional reporting by Julie Zhu; Editing by Muralikumar Anantharaman)

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Financials ( CNY)
Sales 2018 833 B
EBIT 2018 153 B
Net income 2018 103 B
Debt 2018 -
Yield 2018 2,68%
P/E ratio 2018 10,61
P/E ratio 2019 8,69
Capi. / Sales 2018 1,30x
Capi. / Sales 2019 1,10x
Capitalization 1 084 B
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Ping An Insurance Group Co Technical Analysis Chart | 601318 | CNE000001R84 | 4-Traders
Technical analysis trends PING AN INSURANCE GROUP CO
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 82,3  CNY
Spread / Average Target 41%
EPS Revisions
Managers
NameTitle
Ming Zhe Ma Chairman & Chief Executive Officer
Li Ji Gu Chairman-Supervisory Board
Sin Ying Tan Chief Operating & Information Officer, Deputy GM
Jason Bo Yao CFO, Executive Director & Deputy General Manager
Jian Yi Sun Vice Chairman & Deputy General Manager
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