Thai people who have insurance policies are less than 29% compare to Japanese which is more than 100%(some Japanese hold more than 1 policy). It means that there r the huge room for Thai life insurance companies to get their new clients. Thai people who r older than 60 years old about 12% n within 2022 Thai people with that age will b more than 20% of its population. The 2 business will serve the people who will gonna b 60 years old or already at the age r the medical service n life insurance. When u r more than 30 years old u will look for the security of your retired life, the older u r the more need of the security life u will look for. Thailand insurance premium is only 2.60% comparing to Taiwan,15.40% n Hongkong 10.1% even though the growth rate of the premiums has been more than double of Thailand ‘s GDP for years. More than 70% of Thai government ‘s yearly budget r in the wage of bureaucrat n paying the old government’s debt bonds n their interest. There r no money enough to support the old people. Only 1 way that the government can do is to support the ones who buy their life insurances can get the tax reduction. U may notice that Thai government used to allow 50,000 baht then changed to 100,000 baht, n now, the ones who buy the life pension policies can reduce tax 200,000 Baht more.
1 BLA ‘s profit ‘s growth rate from 2009-2011 is quite high, 123-136%, its ROE is 28%, but its forwarded P/E12 is only 13. Pls keep in mind that BLA is the ony stock in SET50 which is lagged SET about 30%. SET has reached its bottom @ 843 in October 2011,n BLA was 40 baht, but SET is 1196(up 42%), but BLA is only 46.25(up only 16%). There will b the upside potential for the best stock like BLA to jup up. If u look at its technical chart, u may notice that its 5 days EMA will break its 10 days EMA today, n the 5, 10, 25 days EMA will break 200 days EMA within this week. Its MACD has just broken its MA last Friday, show STRONG BUY SIGNAL.
2.SCBLIF s CAGR(6 years) is 43.21%. In 2008, the bankruptcy of Leyman brothers, SCBLIF ‘s profit has still increased 50% yoy. U may notice its strength. Its ROE is 35%, but its forwarded P/E2012 is only 11. . If u look at its technical chart, u may notice that its 5,10,25,75 n 200 both days n weeks EMA have formed the bullish pattern.
3.SSI has already discounted all the bad news(the bad earning ‘s performance of 2011 : the increase of its material in the beginning of 2011 from Australia, the earthquake n Tsunami in Japan, the financial turmoil in EU, n the flood in Thailand). The investors r looking for the coming good news from the starting its operation of SSI-UK(expect in March 2012), the pent-up demand of the auto n electronic sectors, Thai ‘s government ‘s mega projects such as flood preventing, mass transportation, etc. SSI ‘s price per book value is merely 0.56, very low valuation. Its EO, Khun Win said that SSI-UK will operate with full capacity in Q4 of 2012, so it will generate more revenue n earning to SSI. If u look at its technical chart, u may notice that its 5 days EMA has just broken is 10 days EMA last Friday, n will break its 25 n 75 days EMA today. Its MACD will break its MA today, show STRONG BUY SIGNAL.
