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Stock impact report

Chinese insurer Ping An's planned buyback may not be last: co-CEO [Reuters]

Autohome Inc. American Depositary Shares, each representing four class A ordinary shares. (ATHM) 
Last autohome inc. american depositary shares, each representing four class a ordinary shares. earnings: 2/19 05:00 am Check Earnings Report
US:NYSE Investor Relations: ir.autohome.com.cn
Company Research Source: Reuters
Chinese insurer Ping An's planned buyback may not be last: co-CEO | Reuters 4 Min Read SINGAPORE/HONG KONG (Reuters) - Financial giant Ping An Insurance Group Co of China Ltd ( 601318.SS ) ( 2318.HK ) said it would return up to 10 billion yuan ($1.5 billion) to shareholders through its first share buyback, after posting a forecast-beating jump in annual profit. China’s largest insurer by market value said it planned to use 5-10 billion yuan of its own funds to repurchase its Shanghai-listed A-shares. Should it reach the top end of this range, it would be the fifth-largest buyback by a Chinese company, according to Refinitiv data. The profit result and buyback plan highlight Ping An’s strength compared with smaller players at a time of increased scrutiny of insurers’ use of leverage, which has seen some punished for risky practices. Buybacks are often seen as a sign managers believe company shares are undervalued and can help boost the stock. Ping An’s executives have repeatedly sa Show less Read more
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