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How do you plan to add HDFC Standard Life Insurance ...... have you already added some?
http://www.moneycontrol.com/news/bu...-franchise-attractive-valuations-2442849.html
Motilal Oswal initiates Buy on HDFC Life; cites quality franchise, attractive valuations
Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.
Motilal Oswal has initiated coverage with buy rating on HDFC Standard Life Insurance, citing quality franchise and attractive valuations. The stock price closed up 3 percent at Rs 354.90, in addition to 19 percent rally on Friday, the Day 1.
"HDFC Life’s strong new business margins, healthy return ratios and stronger growth potential will enable it to trade at a premium to other insurers," it said while valuing the stock at 3.5x Mar-20 embedded value (EV) at Rs 370 per share (new business multiple of 28x), which implies an upside of 28 percent from the issue price of Rs 290 per share.
The research house expects the company to further improve its new business margin to 23 percent by FY20, while operating RoEV/RoEV should sustain at 21/19 percent respectively over FY17-20.
HDFC Standard Life is one of India’s top three private sector life insurers and offers a wide range of insurance products. It has strengthened its position in a highly competitive industry and has a well-diversified business mix.
It has strong return ratios (FY17 RoEV-return on embedded value at 21 percent) and the highest new business margin (22 percent for FY17) among the major private insurers, backed by its balanced product mix (47 percent ULIPs, 26 percent PAR, 27 percent non-participating business in FY17), strong distribution network and lower operating cost, the brokerage house said.
It further said HDFC Standard Life has made significant investments in building its digital platform, which has enabled it to improve customer satisfaction and attract new business.
Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.
HDFC Standard Life continues to benefit from the strong distribution network of its bancassurance partners and has increased its bancassurance partner count to 125.
"This will help widen its reach and support premium growth. It maintains strong control on cost ratios, aided by rising proportion of direct/online sales and multiple technology initiatives," the research house said.
How do you plan to add HDFC Standard Life Insurance ...... have you already added some?
http://www.moneycontrol.com/news/bu...-franchise-attractive-valuations-2442849.html
Motilal Oswal initiates Buy on HDFC Life; cites quality franchise, attractive valuations
Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.
Motilal Oswal has initiated coverage with buy rating on HDFC Standard Life Insurance, citing quality franchise and attractive valuations. The stock price closed up 3 percent at Rs 354.90, in addition to 19 percent rally on Friday, the Day 1.
"HDFC Life’s strong new business margins, healthy return ratios and stronger growth potential will enable it to trade at a premium to other insurers," it said while valuing the stock at 3.5x Mar-20 embedded value (EV) at Rs 370 per share (new business multiple of 28x), which implies an upside of 28 percent from the issue price of Rs 290 per share.
The research house expects the company to further improve its new business margin to 23 percent by FY20, while operating RoEV/RoEV should sustain at 21/19 percent respectively over FY17-20.
HDFC Standard Life is one of India’s top three private sector life insurers and offers a wide range of insurance products. It has strengthened its position in a highly competitive industry and has a well-diversified business mix.
It has strong return ratios (FY17 RoEV-return on embedded value at 21 percent) and the highest new business margin (22 percent for FY17) among the major private insurers, backed by its balanced product mix (47 percent ULIPs, 26 percent PAR, 27 percent non-participating business in FY17), strong distribution network and lower operating cost, the brokerage house said.
It further said HDFC Standard Life has made significant investments in building its digital platform, which has enabled it to improve customer satisfaction and attract new business.
Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.
HDFC Standard Life continues to benefit from the strong distribution network of its bancassurance partners and has increased its bancassurance partner count to 125.
"This will help widen its reach and support premium growth. It maintains strong control on cost ratios, aided by rising proportion of direct/online sales and multiple technology initiatives," the research house said.
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This means that the market is yet not ready to go into deeper correction.So it may spend time here and either breakout on upside or after spending time here it will make a secondary top, complete sequential sell and start a fresh downmove once again.Market has kept both options open for it.But right now the downmove is arrested.
Smart_trade
Smart_trade
Deven Choksey of KR Choksey when asked that if he has to bet on one insurance company for next 3-5 years which one will it be ? answered that it will be HDFC Standard Life.Also if the company achieves CAGR of 25 % in next 3-4 years, its price cannot remain blow Rs 1000-1200 .
This is a good stock with good business,promotors and it should be on our buy list and we should look for and utilise every opportunity to buy this stock. So where to buy, whether to wait for a correction or buy some quantity now and use future dips to buy more is left to investors' judgement and risk appetite.
Smart_trade
This is a good stock with good business,promotors and it should be on our buy list and we should look for and utilise every opportunity to buy this stock. So where to buy, whether to wait for a correction or buy some quantity now and use future dips to buy more is left to investors' judgement and risk appetite.
Smart_trade
Sir, another point is about intersection in indices, as the rule of intersection is bit lenient in cases of indices, and you track counts both with and without intersection, now when the count completes in an index without intersection, wouldn't there be some confusion whether to take the trade or wait for a post intersection count to complete, how to deal with this dillemma?
Or we take a trade (without intersection) and exit early if it doesn't workout and look for re entry when that arrives.
Vivek
Or we take a trade (without intersection) and exit early if it doesn't workout and look for re entry when that arrives.
Vivek
Yes,in case of indices,intersection is not mandatory but I track both with and without intersection. This is one gray area which we have to handle....could be taking half position on sell signal without intersection and half wait for sell with intersection is an answer.Other things like combo,chart structure could reveal the hidden story.
ST
ST
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