Understanding the Market | Ping An Health rose over 8% during the trading session after announcing a special dividend, with institutions optimistic about the company's continued growth

Ping An Health rose over 8% during the trading session, and as of the time of publication, it increased by 6.77%, reaching HKD 7.25, with a transaction volume of HKD 203 million. In terms of news, Ping An Health previously announced that the board of directors resolved to propose a special dividend from the premium account of the company's reserve shares, amounting to HKD 9.7 per share. The relevant dividend entitlement date is December 9, 2024, the ex-dividend date is December 6, 2024, and the dividend payment date is January 24, 2025. The company's announcement also mentioned that the major shareholder may choose to receive the special dividend in shares instead of cash, which could increase their shareholding ratio by more than 2%, thereby triggering a mandatory general offer. CITIC Securities previously indicated that since Ping An Health implemented its Strategy 2.0 transformation, it has continuously promoted the development of its F-end and B-end strategic business. The business structure adjustment was basically completed in 2023. As the company's F-end business continues to empower Ping An Group, the B-end business is rapidly growing through group channels and self-expansion channels, coupled with efficiency improvements and cost optimization brought about by information technology, the company is expected to continue its growth as a comprehensive professional provider of medical, elderly care, and health management services