Dec 06, 2021 08:59 AM (GMT+8) · EqualOcean
Galaxy Securities pointed out that in 2022, the start-up was delayed, the agents fell off, it was difficult to increase staff, and the high base caused by the switching between new and old serious diseases was superimposed with strict supervision, the liability side was under pressure, and improvement still needed time. The current price corresponds to the P / EV of the insurance sector in 2021, which is between 0.43x-0.69x, and the valuation is at a historical low, which fully reflects the pessimistic expectation of the market on the fundamentals of the industry. It is recommended to pay attention to the configuration value.