Allianz: Earnings at New High

Result Update

For QE30/9/2018, Allianz's net profit increased by 11% q-o-q or 48% y-o-y to RM99.9 million while revenue is mixed- down 0.4% q-o-q but up 10% y-o-y to RM1.3 billion.

The Group’s operating revenue dropped 0.4% due to lower gross earned premiums by RM11.9 million. The Group’s PBT increased by 27.5% due mainly to higher contribution from life insurance segment.


Table: Allianz's last 8 quarterly results

Allianz's quarterly profits are at all time high!


Graph: Allianz's last 50 quarterly results

Valuation

Allianz (closed RM12.40 in morning session) is now trading at a PE of 11.8 times (based on last 4 quarters' EPS of 105 sen). At this PE, Allianz is deemed fairly attractive.

Technical Outlook

Allianz is in a long-term uptrend line, SS with support at RM9.00. Its uptrend accelerated from mid-2012 in uptrend line, S1-S1 with support at RM12.00.


Chart: Allianz's monthly chart as at Nov 23, 2018_11.00 (Source: Malaysiastock.biz)

Conclusion

Based on satisfactory financial performance (which is breaking into new high) and fairly attractive valuation, Allianz remains a good stock for long-term investment.

Note:

I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.