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China Taiping Insurance Holdings Co
(0966)
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Rating:77Outperform
Price Target:
HK$19.00
â–¼(-10.29% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improved financial results and strong cash generation, supported by constructive price momentum. The biggest risk tempering the score is the sharp increase in leverage and historical volatility in results, despite very attractive valuation (low P/E and high dividend yield).
Positive Factors
Improved profitability and revenue growth
The sharp 2025 improvement in revenue and operating profitability indicates stronger earnings capacity across the insurance group. If performance is sustained, higher margins can support capital formation, investment in distribution, and greater resilience through the next several quarters.
Negative Factors
Higher balance-sheet leverage
The substantial increase in leverage raises balance-sheet risk and reduces financial flexibility if earnings weaken. Greater debt relative to equity can constrain future capital allocation, increase sensitivity to adverse operating conditions, and make it harder to absorb volatility in insurance and investment results.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability and revenue growth
The sharp 2025 improvement in revenue and operating profitability indicates stronger earnings capacity across the insurance group. If performance is sustained, higher margins can support capital formation, investment in distribution, and greater resilience through the next several quarters.
Read all positive factors
China Taiping Insurance Holdings Co (0966) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$60.95B
Dividend Yield7.25%
Average Volume (3M)6.11M
Price to Earnings (P/E)1.9
Beta (1Y)1.10
Revenue Growth18.51%
EPS Growth293.61%
CountryHK
Employees57,951
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)8.95
Shares Outstanding3,594,018,600
10 Day Avg. Volume7,009,025
30 Day Avg. Volume6,106,439
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.38
P/FCF Ratio0.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.04Price Target Upside27.66% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)5.35
Revenue Forecast (FY)HK$117.66B
China Taiping Insurance Holdings Co Business Overview & Revenue Model
Company Description
China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reinsurance products in the People's Republic of China, Hong Kong, Macau, Singapore, and internationally. The company operates throu...
How the Company Makes Money
China Taiping Insurance Holdings generally makes money through a combination of underwriting income and investment income generated from its insurance operations, plus fees from certain financial-services activities.
1) Underwriting and insurance...
China Taiping Insurance Holdings Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 196.56B | 178.68B | 121.00B | 106.12B | 158.81B | 318.98B |
| Gross Profit | 196.56B | 178.68B | 121.00B | 123.32B | 104.86B | 45.33B |
| EBITDA | 49.00B | 40.54B | 26.91B | 19.85B | 12.65B | 16.45B |
| Net Income | 33.17B | 27.06B | 8.43B | 5.37B | 4.30B | 7.51B |
Balance Sheet | ||||||
| Total Assets | 2.17T | 1.99T | 1.73T | 1.51T | 1.41T | 1.38T |
| Cash, Cash Equivalents and Short-Term Investments | 62.77B | 62.01B | 44.39B | 42.55B | 308.46B | 293.80B |
| Total Debt | 186.51B | 201.66B | 82.12B | 101.43B | 117.05B | 95.17B |
| Total Liabilities | 2.01T | 1.84T | 1.61T | 1.38T | 1.31T | 1.27T |
| Stockholders Equity | 103.64B | 95.15B | 87.07B | 78.99B | 75.51B | 88.07B |
Cash Flow | ||||||
| Free Cash Flow | 82.31B | 151.32B | 116.24B | 127.67B | 88.72B | 94.48B |
| Operating Cash Flow | 178.38B | 156.75B | 125.95B | 134.60B | 95.02B | 98.63B |
| Investing Cash Flow | -158.45B | -149.61B | -95.63B | -130.95B | -80.30B | -99.62B |
| Financing Cash Flow | -9.43B | 1.65B | -27.91B | 19.79B | -9.76B | 9.06B |
China Taiping Insurance Holdings Co Technical Analysis
Negative
21.18
Price Trends
19.70
Negative
19.79
Negative
20.35
Negative
Market Momentum
-0.81
Negative
35.25
Neutral
71.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0966, the sentiment is Negative. The current price of 21.18 is above the 20-day moving average (MA) of 17.91, above the 50-day MA of 19.70, and above the 200-day MA of 20.35, indicating a bearish trend. The MACD of -0.81 indicates Negative momentum. The RSI at 35.25 is Neutral, neither overbought nor oversold. The STOCH value of 71.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0966.
China Taiping Insurance Holdings Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$163.68B | 3.54 | 38.57% | 7.99% | 44.36% | 53.14% | |
78 Outperform | HK$1.03T | 3.95 | 39.88% | 4.72% | 38.17% | 134.02% | |
77 Outperform | HK$60.95B | 1.89 | 33.37% | 7.25% | 18.51% | 293.61% | |
70 Outperform | HK$780.14B | 12.65 | 19.05% | 2.63% | 13.31% | 36.76% | |
70 Outperform | HK$320.14B | 6.67 | 13.91% | 6.89% | 9.37% | -11.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | HK$1.03T | 9.71 | 9.64% | 6.32% | -7.57% | -25.97% |
* Financial Sector Average
HK:0966
China Taiping Insurance Holdings Co
16.96
0.38
2.31%
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China Taiping Insurance Holdings Co Corporate Events
China Taiping publishes preliminary Q3 2026 figures and solvency data for PRC insurance units
Oct 29, 2026
China Taiping Insurance Holdings has released unaudited financial figures and solvency information for key PRC insurance subsidiaries for the third quarter of 2026, in line with Hong Kong listing and mainland regulatory disclosure requirements lin...
China Taiping strengthens board with appointment of veteran independent director
Aug 25, 2026
China Taiping Insurance Holdings has appointed veteran public servant and legal professional Ms. Chan Ching Har Eliza as an independent non-executive director, effective 25 August 2026. Chan brings extensive experience from Hong Kong’s Execu...
China Taiping Sets Out Board and Committee Roles in Governance Update
Aug 25, 2026
China Taiping Insurance Holdings Company Limited has announced the current composition of its board of directors, detailing executive, non-executive and independent non-executive members, with Mr. Yin Zhaojun serving as chairman and Mr. Li Kedong ...
China Taiping Delivers Surging Interim Profits on Strong Insurance and Investment Performance
Aug 25, 2026
China Taiping reported robust interim results for the six months to 30 June 2026, highlighting strong growth across insurance and asset management. The group’s core businesses delivered improved quality and efficiency, supported by initiativ...
China Taiping Sets August Board Meeting to Approve Interim Results
Aug 10, 2026
China Taiping Insurance Holdings Company Limited has scheduled a board meeting for 25 August 2026, where its directors will review and approve the interim results for the six months ended 30 June 2026. The meeting will also address other corporate...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.