Allianz: Earnings at New High24th November 2018
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
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.
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)
Based on satisfactory financial performance (which is breaking into new high) and fairly attractive valuation, Allianz remains a good stock for long-term investment.
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