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Turning losses into profits for the first time, Ping An Health (1833.HK) accelerates its momentum.
As the expectation of a rate cut by the Federal Reserve in the United States approaches, many listed companies are entering the mid-term performance disclosure period. Among them, Ping An Health Insurance achieved high-quality results for the first time in the still challenging first half of 2024, with a significant improvement in profits. Just recently, Ping An Health Insurance also announced a heavyweight partnership. The company has reached a strategic cooperation with Jointown Pharmaceutical Group to jointly build a "Internet + Medical + Pharmaceutical" service chain system, integrating their respective advantageous resources and promoting innovative cooperation in enterprise health services, supply chain services, online medical and health services, and electronic payment of medical insurance. At the same time, the two parties will also deepen their collaboration in health...
Ping An Health and Jointown Health Technology have reached a strategic cooperation, bringing together new productive forces of medical and health technology.
Recently, Ping An Health Medical Technology Co., Ltd. (stock abbreviation "Ping An Good Doctor", 1833.HK, hereinafter referred to as "Ping An Health") and Jointown Pharmaceutical Group (hereinafter referred to as "Jointown Pharmaceutical Group") officially announced the establishment of a strategic partnership. Wu Jun, President of Ping An Health, Zheng Bosong, Senior Vice President of Ping An Health, and Liu Jinghan, CEO of Jointown Pharmaceutical Group, attended the event. This cooperation not only represents the strong alliance of the two parties in the field of medical and health, but also an innovative development and in-depth exploration of the new model of "Internet + medical + pharmaceutical", aiming to provide more convenient and high-quality services to users.
Hong Kong stocks soared across the board! The Hang Seng Index rose nearly 3%, while the A50 made a sharp surge. What happened?
What exactly happened? Analysts believe that there are three main driving factors.
Hang Seng Index fell by 182 points, Meituan's performance was under pressure, nongfu spring dropped by ten percent.
The market continues to watch the US PCE inflation data and Nvidia (NVDA.US) quarterly earnings. The Hong Kong stock market fell, with the Hang Seng Index opening 26 points lower. It rose 4 points in the early stage and reached a high of 17,879 points before falling again. In the afternoon, it fell 215 points, reaching a low of 17,659 points. It closed the day down 182 points or 1.1% at 17,692 points. The H-share index fell 80 points or 1.3% to 6,225 points. The Hang Seng Tech Index fell 55 points or 1.6% to 3,445 points. The total trading volume of the market for the day was 93.93 billion yuan. Several blue-chip companies announced their performance. Anta Sports (02020.HK) earned a net profit increase of 63% in the first half.
PA GOODDOCTOR: 2024 Interim Report
DBS downgrades pa gooddoctor (01833.HK) target price to HK$12.5, streamlines business and achieves results by adopting AI.
According to a research report from Morgan Stanley, pa gooddoctor's performance and conference call have given the bank confidence in the sustainability of the company's reduced operating expenses in the first half of the year, mainly benefiting from streamlined business and artificial intelligence (AI). Company management expects that some deferred revenue will be reflected in the second half of the year's accounts, resulting in flat or positive revenue growth for the year. As for the distribution channels, it is expected that the growth of comprehensive financial clients (F-end) will be faster than the insurance industry or mainland GDP growth, reaching high single digits, while the revenue growth guidance for enterprise clients (B-end) this year is high double digits and next year it will be low double digits. The bank