129765211415468750_28Christmas last year EPS of $ 2.46, slightly less than expected.
But life insurance, property insurance, Bank troika has relatively good profit growth, current price is still undervalued, expected value, maintain the "highly recommended" rating. 18.5% wonderful life insurance profit growth. Peace all 1,872 scale of life insurance premiums last year. $ 5.6 billion, an increase of 13.9%, with strong profitable growth in individual life insurance business insurance premiums 22.9%.
9.974 billion yuan in net profit, an increase of 18.5%. Pin power-assisted growth in vehicle insurance, comprehensive cost rate to fall further. Decline in new car sales last year of growth in vehicle insurance staying in the environment of 32.1%, telephone sales accounted for more than a 6.3% to26.6%.
Comprehensive cost rate of marginal increase of 0.3% per cent, costs had fallen to 2.1%. Main Bank profits. Net earnings increased 176.8%; increase came from the deep (70.45%) and the Bank's own profit growth (29.55%), raise the profit percentage to 35.3%. Shenzhen Development BankLonger than the trade finance and supply chain finance, Green Bank green groups dedicated to retail businesses and customers to cross-sell.
We are optimistic about banking strengths complement each other to continue to strengthen after integration is complete. Influence of ROI's banking assets. Total investment yields falling to 4.9% of the previous year. If coupled with the floating of available for sale financial assets lost $ 4.3 billionAnd adjust maximum investment return rate of only 1.66%; but due to the influence and table of bank assets after upgrade
diablo 3 power leveling, so it is difficult to direct comparison with figures for the same period last year. New business profit margin improved. Insurance, group insurance, Bank and insurance company profit margins increase respectively 127BP, 66BP
diablo 3 power leveling, 33BP; at the same time the value of higher insurance premiums than upgrading from 79% to 85%. 8.49% growth in value of new business for the year 2011.
����Expected growth in new business value more than 10%, 2012 now implies multiple new business only 3 times, for the lowest valuation of insurance unit, and A-H the difference to the minimum of the two cities (-25%), enormous room for future valuations repair, maintain the "highly recommended-a" investment rating. Gold onlineStatement: Gold-line reproduced above, does not indicate that confirm the description
tera gold, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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