|Day's range||24.600 - 25.000|
|52-week range||17.240 - 26.200|
|PE ratio (TTM)||33.61|
|Dividend & yield||0.04 (1.11%)|
|1y target est||29.30|
China’s insurance stocks could make the perfect rainy day investment for your portfolio. Insurance stocks are valued using a yardstick called price-to-embedded value (P/EV), which looks at future profits and overall asset value.
Index compiler MSCI finally relented and included China’s onshore listed stock markets in its global benchmarks. Mainland Chinese stocks, known as A-shares, are the world’s second biggest stock market. The approval comes after China implemented a number of big financial reforms to open up its markets, which have restricted access for foreign investors.
Four is considered unlucky in Chinese culture—it sounds very similar to the word for ‘death.’ As ominous as that seems, it may not apply in the case of MSCI’s coming decision on including Chinese stocks in its widely-tracked indexes. In fact, investors seem more confident of an approval than ever in 2017, given the reforms China has made in its onshore equity markets, more commonly known as A-shares. Next week’s decision is a big deal for China.