129773932890937500_23China life insurance: profit drop, but rebound in net assets investment: 11 $ 45.5%,EPS0.65 profit drop, is the median range of announcements, dividend-paying $ 0.23 per share, dividend 35%
tera power leveling, with the same same.
Changes in accounting policies cause an increase in reserves by the end (the decline) $ 3.268 billion. Net assets rebounded quickly, IV quarter8.7%, above the Green (8%) and the Pacific (2.9%), about 6% is expected to continue to grow in the first quarter, mainly on unit elastic high debt, 11 net worth fell by 8.23%, after deducting the non-operating activities, net assets grew by 1.3%, below the Green (6.5%)
tera gold, but higher than the Pacific (-0.5%); net worth decline resultedWith a decline in the value of 1.8%.
One year new 1.8% business value growth, slower than the Green (8.48%) and Turbo (10.1%). Although individual marketers over the beginning of decrease of 21,000 people, but becoming more essential in the growth of 23,000 people, stabilising trend occurred.
However the surrender rate rises to 2.79% is a very good signal. Investment performance worse-than-peers,Associated with their high reduction value: net interest yield 4.28% (green 4.5%, and Pacific cent), total investment yields 3.51% (3.6%, green 4%
tera gold, and Pacific cent), but in terms of reduction than peers sufficient, four-quarter provision for impairment losses of nearly 7 billion. 11 is still 19.5 billion net floating losses at the end, current estimates fell to 8.8 billion leftRight, the solvency ratio increased from 170% at the start of the current 185%. 12-quarter results despite pressure, or to positive growth. If 1 Trojan quarter impairment in accordance with belonging to the parent company 20%, of the float and 0% meters, China 1 quarter expected earnings growth-7.38%, respectively, 117%. Overweight, target price to $ 28. The current valuations: P/EV 1.44 times times, multiple new business value 5.79, 18.6 times PE,2 times PB. Expected 12-13 $ EPS0.91 and $ 1.03, 35.5% compound growth.
Target price of 28 dollars, to increase its stake. Guotai Junan securities online statement Gold: GoldLines reproduced above, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
Others:
没有评论:
发表评论