Right stock, Right Time?
$Ping An Insurance (Group) Company Of China, Ltd.(601318)$
Is it the right time to buy Ping An?
-Ping An is an incredible company whos growth has been at a CAGR 20% in the past 5 years.
-Ping An should not be viewed as a insurance company, but a tech company and should be given a higher valuation.
-Ping An has Solid Earnings, Good Share buyback programme and is has launched so much new initiative to ensure earnings are growing.
-Current Dividend Yield is about 5%. Very good!
-Based on Technical Analysis, Ping An's chart is rebounding and should be heading on a uptrend soon.
Conclusion:
It is a very good time to buy this company.
Everyone should buy this strong company.
Target Price: CNH 100 (100% upside)
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