Thursday, August 29, 2013

Allianz- Top-line & bottom-line improved further

Result Update

For QE30/6/2013, Allianz's net profit increased by 16% q-o-q or 8% y-o-y to RM62 million while revenue increased by 4% q-o-q or 16% y-o-y to RM893 million. Bottom-line improved q-o-q due to higher profit before tax from the life insurance operations. Top-line improved due to higher earned premium from life insurance operation of 5.3% as well as from the general insurance operation of 2.2%.

Table: Allianz's last 8 quarterly results

Chart 1: Allianz's last 30 quarterly results


Allianz (closed RM9.62 yesterday) is now trading at a PE of 14.3 times (based on last 4 quarters' EPS of 67.5 sen). At this PE, Allianz is deemed fairly attractive.

Technical Outlook

Allianz is still in an uptrend, with immediate support at the 20-week SMA line at RM9.33. Its immediate ressitance would be its recent high at RM10.58.

Chart 2: Allianz's weekly chart as at Aug 28, 2013 (Source: quickcharts)


Based on satisfactory financial performance, fairly attractive valuation & positive technical outlook, Allianz is expected to continue to rise.

In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Allianz.


Ironman said...

Allianz has been moving up quite sometime, it should going down soon, how it could be possible still moving up ?

Chun Mun said...

Hi Alex,
What is your opinion about TDM with it recent drop? Thank you

Alex Lu said...

Hi Chun Mun

TDM should have good support at RM0.75-0.77.