Shun cycle of investment ideas in the history of the insurance stocks and the trend of reflect market is the high degree of relevance, insurance stocks will have a reason for this trend, or simply because of its capital structure determined by China's insurance business Funds destined to constitute China's insurance companies than foreign insurance companies have a higher value Beta.
Three recently published Quarterly Bulletin, the insurance industry shows some very positive changes in the rate of change in net assets, the China Life Insurance (601,628, it shares) in the third quarter of positive growth, while Ping An of China (601,318, it shares) And China Life's range has shrunk significantly reduced the growth rate of net assets are gradually turning point. From the perspective of the company's value, the value of the company has stopped shrinking and started to positive growth.
China's insurance companies next year may be the three major characteristics: 1, the premium income decline; 2, continued product innovation; 3, insurance companies lose money appears the situation of dividends, is expected to recommend the end of 2008, China's Ping An and China Taibao (601,601, it shares) valuation of the obvious advantages. For the time investment, we believe that by the end of December this year and next year will be the beginning of a long-term investment of time involved in gold, taking into account the insurance industry in this round of economic downturn, the impact was relatively small, remains optimistic about its investment rating .
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