Kept the [financial newspaper goyounghun Korea News] Kyobo Securities expect the 27th differentiated business models upside doendamyeo BUY rating with a target price of ₩ 7,000 for Mirae Asset Life.
Mirae Asset Life Insurance solvency (RBC) is of the opinion that the burden on small proportion downside recurring profit of 70 billion won in 2017 and further earnings growth is expected to PCA Life acquisition. As the fourth quarter reflects the various one-off costs such as early retirement it recorded a net loss of 103 billion won.
Kyobo Securities bakhyejin researchers said diagnostic "I'm not but my most undervalued sector is greatest upside potential," said "RBC ratio falling further is limited and the quality insurance sales growth is expected."
Park researchers this duration to as "even with the new RBC ratio asset duration is to overtake the liability duration massive decline not to because" and "foreign assets account for regulatory easing of the hedge period, the highest virtue foreign currency assets 7.2 reflecting that increase in years to 12.1 years, "he said.
He continued, "I have high interest in the PCA Life acquired in a conference call shareholder approval is expected to be determined 3 woljung seems to be reflected in a bargain purchase gain more than 100 billion won" and "PCA Life acquired a net profit in 2017 was 92.2 billion won, special account revenue is expected to increase by 19%, "he predicted.
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Monday, February 27, 2017
Mirae Asset Life Insurance, rising to afford a differentiated business model - Kyobo Securities
Vice gimnamgu "aging society TDF, differentiated for Korean response"
Release the [financial newspaper goyounghun Korea News] Korea Investment Trust Management de target date funds (TDF) and Chu Shi Biao threw a retirement asset market. Samsung Asset Management in April last year the United States released with TDF Capital Group AUM has exceeded 70 billion won in about 10 months. For hubalju design Korea Investment Trust Management is assigned the Korean qualifier on TDF increase the equity weighting kkoehanda a differentiation strategy.
Gimnamgu Korea Investment Holdings Vice "Aging is not easy to prepare the individual to the social problems," he "was preparing to launch a long-TDF in Retiro Price (T.RowePrice) and Korea Investment Trust Management for this purpose," he said .
Gimnamgu Vice President at Seoul Plaza Hotel 27 days held by the greeting from the Korea Investment TDF care fund series launch seminar "changed to Please Look well ahead to point out insufficient" and "Korean is working to take care of jalhaejuneun TDF be befitting to name It will "he said.
Korea Investment Trust Management has 27 days and released seven TDF tee Price and Kim, vice president of product Up to 1 arc revealed this product and affection. Tyre Price is one of the top three managers TDF markets.
Following a representative Peter Austin tee Price is "TDF made in the US market, other than in the last year of the end of Asset Management and $ 189 billion US This is the first time," said "established an important strategy throughout the Korea Investment Trust Management and months has it effectively optimize could be achieved, "he said.
Jerome Clark tee price management manager "Tyre Price is active, there are analysts at more than 250 around the world as a specialized organization to operate" and "primary goods to market in 2002 particularly high utilization of fewer workers age," he said.
He explained that "it is expected that future life expectancy is 90 years old and gantry design is also important, adding qualitative information as well as information Quantitative Management at Management Committee".
Following adding that important strategic asset allocation bonds for equity weighting is determined by discussions with Korea Investment Banking side, and reviewed a number of different specific gravity, but large differences with the US market will not. "
To this end, check the focus of investment risk ratio path (Glide Path) consider the market risk, inflation risk, longevity risk, including a commitment carefully position distribution. Raise the income replacement rate for profitability, and plans to domestic investment and foreign investment is directed to the Global Fund possible. The TDF product is invested in stocks and bonds in Korea.
Ryubeomjun Investment Solutions Headquarters Division emphasized that "to reflect its investment preferences of investors phenomenon Korea to incorporate the Korea Asset nagagetda Korean TDF create a true".
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