Newsbreak: Bank Negara extends timeline for fire insurance detariffication.... if for the industry benefits, can always defer, all players and regulator are happy but consumers will be frustrated but unable to do anything. This is shared prosperity. For fees and charges, can't wait to implement ASAP to exploit customers.
LPI is traded PER above 18x. It grossly overhyped given a single digit growth less than 7% over the past 2 years. FF won’t hesitate to dump a stock with such high valuations. TP below RM 10.
A man in his mid 50s who has never made a claim on his health insurance gets a letter from his insurance company stating that his premium has been increased by 23% for the year starting 2020..... haha, that is the way to make higher profit, higher salary etc.
Allianz is now a more popular stock than LPI due to potentially higher growth. Allianz div has increased in recent years in tandem with its business performance. Perhaps some LPI holders have shifted allegiance from LPI to Allianz.
LPI usually announces 2nd interim div before CNY. Whether it's a big angpow or not, my personal guess is a tiny increase compared to 2019.
Piam started making noises on motor insurance losses, wanted to hike premium? How about other general insurance making huge profit? Going to reduce premium? Is common for associations.
i believe impact to allianz is a lot higher as they are actively involved in medical insurance. there will be impact to LPI but i believe not as detrimental as to Allianz
Yes, covid19 is nightmare to insurance, but not due to medical coverage. Local/international tradings, business and projects are paralyzed, resulting in less requirement for insurance coverage. They could be the main damage to LPI.
However are good things too, during MCO, less car on the road, less factory in operations, meaning probably less claim from motor and fire class insurance.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ongkkh
220 posts
Posted by ongkkh > 2019-04-15 20:27 | Report Abuse
Qtr result is out