SG#PINANRC2710U(69230.HK)

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SG#PINANRC2710U
69230.HK
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Key facts: Tom Hayes sues UBS for $400M; UBS boosts Ping An stake

Tom Hayes has initiated a lawsuit against UBS Group in the U.S., seeking over $400 million in damages, alleging he was unfairly labeled the 'evil mastermind' of the Libor rate-rigging scandal. Additionally, UBS has increased its stake in Ping An Insurance to 9.39% and raised its short position to 7.96%. Furthermore, UBS disclosed a reduction in its voting rights in Solvay SA to below 3% due to decreased indirect holdings.

TradingView·
HK
02318
-0.68%
US
VFH
+1.01%
US
UBS
+0.42%
TradingView·
HK
02318
-0.68%
US
VFH
+1.01%
US
UBS
+0.42%

PING AN (2318.HK) Market Overview: Steadily Rising, Active Capital, but High-Level Volatility Requires Caution

PING AN closed slightly higher on January 29, with its stock price showing a steady upward trend closely following the moving averages. During the trading session, driven by overall positive sentiment in the insurance sector, expectations of interest rate cuts and a continuous warming of policies significantly boosted market sentiment, enhancing its leading position. Main funds were active throughout the day, with multiple small adjustments quickly absorbed by buying pressure, indicating an increasing optimistic expectation for PING AN's future liquidity and allocation ratio. Investors generally believe that the current market signals of easing have strengthened, enhancing the attractiveness of equity assets, and PING AN, as an industry leader, stands to benefit, with significant signs of capital inflow. On the other hand, the recent personnel adjustments in the company's life insurance sector have been widely interpreted by the market as a manifestation of strategic reform intentions. Accompanied by a series of macro-positive policies, the overall funding replenishment in the insurance sector has intensified, with PING AN's trading activity remaining high for the day. In terms of technical indicators, a clear short-term bullish pattern is evident, but some technical indicators have entered relatively high territory, triggering market awareness of profit-locking risks, necessitating caution against high-level volatility and adjustment risks in the future. By the close, PING AN's stock price approached previous highs, facing temporary resistance from the upper technical boundary, with trading volume becoming a core variable determining direction. Although the bullish trend remains robust structurally, some funds have gradually flowed into defensive sectors, with investors paying more attention to subsequent northbound capital dynamics and marginal changes in policy windows. In the short term, if support from sector synergy and incremental capital can be obtained, sustainability and breakthrough potential can still be expected

Technical Forecast·
HK
02318
-0.68%
Technical Forecast·
HK
02318
-0.68%

Hong Kong Stock Market Close | The Hang Seng Index hits a new high in over four and a half years! WELIFE TECH surges 83.33%, technology sector retreats

Today, the three major indices of the Hong Kong stock market showed mixed performance at the close. The Hang Seng Index rose by 0.51%, reaching a new high in over four and a half years, while the Hang Seng Tech Index fell by 1.00%, and the State-Owned Enterprises Index increased by 0.42%. The internet, retail, and hardware sectors experienced fluctuations, with funds focusing on structural opportunities. WELIFE TECH saw significant gains, becoming a market hotspot. The main market funds continued to flow towards core leaders such as Tencent, Alibaba, and Xiaomi, with short-term market sentiment still influenced by macro data and external environments

Market Heartbeat·
HK
02318
-0.68%
Market Heartbeat·
HK
02318
-0.68%

DBS Remains a Buy on Ping An Insurance Company of China (PIAIF)

DBS analyst Ken Shih has reaffirmed a Buy rating on Ping An Insurance Company of China (PIAIF), setting a price target of HK$85.00. Shih, a 5-star analyst with a 30.1% average return and an 86.01% success rate, also covers other financial stocks. CMB International Securities similarly maintains a Buy rating with a higher price target of HK$90.00.

Tip Ranks·
SH
601318
-1.60%
US
PNGAY
+3.12%
HK
02318
-0.68%
Tip Ranks·
SH
601318
-1.60%
US
PNGAY
+3.12%
HK
02318
-0.68%

Hong Kong stock market intraday | The Hang Seng Index briefly rose above 28,000 points, the Technology Index retreated, WELIFE TECH surged 98%

In the Hong Kong stock market, the three major indices showed divergent trends. The Hang Seng Index rose to 27,931.62 points, up 0.38%, once again setting a new high for the period. The Technology Index fell back, dropping 1.24% during the session, with a clear rotation structure among sectors. Internet content and information, hardware, and other sectors experienced fluctuations, while the retail sector generally declined, with leading company Alibaba -W down 0.69%. Stocks such as Sunac China, WELIFE TECH, and SOUTH MANGANESE showed significant movements, becoming the focus of market attention. The market's liquidity and macro expectations dominated short-term performance

Market Heartbeat·
HK
02318
-0.68%
Market Heartbeat·
HK
02318
-0.68%
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Bought some at HK35 and HK44 few months back. Hope to see HK70 soon. Bullish trending still in play.

Merry Christmas. Santa Clause Rally.

$SMIC(00981.HK)$SMIC(688981.SH)$PING AN(02318.HK)$Ping An(601318.SH)Hong Kong stocks are being arbitraged like crazy😂

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