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PNGAY / HSBC shareholder Ping An urges 'aggressive' cost cuts and publicly calls for spin-off of Asia business

HSBC shareholder Ping An urges 'aggressive' cost cuts and publicly calls for spin-off of Asia business
HSBC Holdings PLC (LSE:HSBA)'s largest shareholder Ping An has publicly called for the London-based bank to spin off its Asia business and also urged it to cut its costs aggressively.  In a statement, Ping An Asset Management said HSBC “should be much more aggressive in radically reducing its costs”, for example by cutting manpower. Read More
Posted: Nov 4 2022, 07:33
Author Name: Proactive Investors
Views: 111593

PNGAY News  

Ping An Insurance Group Co of China Ltd (PNGAY) Q2 2023 Earnings Call Transcript

By Seeking Alpha
August 31, 2023

Ping An Insurance Group Co of China Ltd (PNGAY) Q2 2023 Earnings Call Transcript

Ping An Insurance Group Co of China Ltd (OTCPK:PNGAY) Q2 2023 Earnings Conference Call August 29, 2023 11:45 PM ET Company Participants Ruisheng Sheng more_horizontal

Ping An's Tsui: Fed Will Only Hike One More Time

By Bloomberg Markets and Finance
July 5, 2023

Ping An's Tsui: Fed Will Only Hike One More Time

“Federal Reserve will only hike one more time as opposed to the dot-plot.” Gordon Tsui, managing director and head of fixed income at Ping An of C more_horizontal

HSBC-Ping An Showdown Looms

By Bloomberg Markets and Finance
May 5, 2023

HSBC-Ping An Showdown Looms

Ping An's fight for an overhaul at HSBC comes to a head later today. HSBC shareholders are gathering for the annual general meeting to potentially dec more_horizontal

China's Ping An Insurance posts 48.9% rise in Q1 profit

By Reuters
April 26, 2023

China's Ping An Insurance posts 48.9% rise in Q1 profit

Ping An Insurance (Group) Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China's largest insurer by m more_horizontal

Ping An says HSBC just repeating past rebuttals of spinoff plan

By Reuters
April 21, 2023

Ping An says HSBC just repeating past rebuttals of spinoff plan

HSBC's biggest shareholder Ping An on Friday said the bank had "merely repeated" past rebuttals of the Chinese insurer's proposals that the lender spi more_horizontal

Ping An: The Recovery Is Just Getting Started

By Seeking Alpha
April 7, 2023

Ping An: The Recovery Is Just Getting Started

Ping An's FY22 numbers may have been down across the board, but the real takeaway was the growing evidence of a turnaround in H2 2022 and beyond. The more_horizontal

Ping An Insurance Group Co of China Ltd (PNGAY) Q4 2022 Earnings Call Transcript

By Seeking Alpha
March 16, 2023

Ping An Insurance Group Co of China Ltd (PNGAY) Q4 2022 Earnings Call Transcript

Ping An Insurance Group Co of China Ltd (OTCPK:PNGAY) Q4 2022 Earnings Conference Call March 15, 2023 11:45 PM ET Company Participants Ruisheng Sheng more_horizontal

Is Ping An Insurance Co. of China (PNGAY) Stock Undervalued Right Now?

By Zacks Investment Research
February 10, 2023

Is Ping An Insurance Co. of China (PNGAY) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal


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