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China Reinsurance Group Corp (1508)

Hong Kong
Currency in HKD
Disclaimer
0.570
-0.020(-3.39%)
Closed

1508 Comments

After release of 2022 profits, China Reinsurance group's EPS are 0.04, what gives the company a PER of 10 at a price of 0.40 RMB. I think it is overvalued at more than 0.5 RMB. Wait
This is super strange. A company with a historical revenue track record impecable, low debt to equity ratio (33%), high dividend yield (10%), low payout ratio (47%) and 72% of shares on Sovereign Wealth Funds. But the company keeps decreasing since 2016. What is going on? Is 2023 going to be China's equities year?
UBS Raises CHINA RE TP to $1.1; Rated Buy
M Stanley Trims CHINA RE TP to $2.4; Rated ***Underweight***
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