Stock Review (1339 - PICC GROUP)
In China, we can easily spot a lot of stock that were undervalued. Lets have a look on 1339 - PICC Group, which is a insurance company. P/E Ratio around 8.3 EPS 0.456 Price 3.77 Yield 1.25% It is obviously undervalued, especially compared to Manulife - 0945 P/E Ratio around 24 EPS 6.093 Price 146.9 Yield 3.47% The reason behind may attribute to political issue. 1339 is 70% owned by The Ministry of Finance of PRC, which means it is a government owned company. As we all know, Government company always represent low efficiency and corruption in China. Even the company look fantastic on data, doesn't mean the data is real. More, Government in China take action to against or investigate political opponents' company, it may pose threat to the stability of the company, and badly affect the operation. So people who would invest on Chinese market, always aim at private company that have nothing to do with political directly. The data of those non-government-owned comp...