Category: Money Tips Date: 2006-08-18
Six-year success Millionaire
Nika for her six years ago, a "miscalculation" regrets.
Nika early as 1993, is Canada's leading insurance companies - Manulife Financial Corporation (hereinafter referred to as Manulife Financial) and insurance customers, Manulife Financial in 1999 due to the listing, Nika shake itself into a Manulife Financial, a minority shareholder (1995 years ago, the size of the insured customers can be allocated according to the policy Manulife Financial shares) "I was insured about 50 million U.S. dollars, only to be assigned to 1,000 shares, when the price is more than 90 Hong Kong dollars per share, unfortunately, I have it up 3 sold on the block for a long time. "Nika said regretfully. Nika regret their own sold half a "millionaire" because in February 2005, Manulife Financial stock has broken through the 500 dollar mark, and continue all the way singing.
The Nika's a friend's apartment in the much more on luck. Nika introduced her friend was insured about 100 million U.S. dollars, allocated 2000 shares, but due to various reasons and had not been monitoring this stock, therefore, has not sold. "Until a few days ago, the Hong Kong newspaper reported that Manulife Financial sit tight in the 'Hong Kong stocks Wang', 500 Hong Kong dollars per share price break, she suddenly remembered that he seems to have some shares of Manulife." Nika said, "the results of an investigation She is pleased to find that he has become a millionaire! "
Nika's friend's apartment, such as in this example, to be substantial. As early as in 1999, listed in Hong Kong, introducing the eve of Manulife Asia, executive vice president and general manager of Ye-tat has disclosed that, when a total of 670,000 Manulife policyholders worldwide, of whom 30% choose to receive cash, the remaining 70% of the option shares. Although the policy holders of Hong Kong people to choose a higher proportion of cash (for stock and cash are each half), but due to the insured households Manulife Hong Kong is also one of the largest areas, so the final number of its shareholders is still more than 190,000.
Although there is no any information can be found in these 19 million shareholders insist on retaining the final number of shares of the Manulife, but it is conceivable that the shareholders of those persistent, and now most have become millionaires. Looking over the past year record of Manulife Financial has from 351 yuan / share surged to 504.5 billion Hong Kong dollars / share, or up to 30%. No wonder the famous Hong Kong stocks at home assessments Chang Lin has been studied for many years recommended the stock to their customers at the same time he also intends to rely on this stock, "old age."
However, the Manulife Financial in Hong Kong, the price of the stock market is not all smooth sailing, which fell below the face value of early release.
The market sentiment was apparently infected with a investors. Many investors, such as the Nika is because of the prospects for the future are not firm Manulife, Manulife was up 3 at the Hong Kong dollar, they hurried shot.
Liang Weipei introduction, Manulife shares have certainly been through a period of wandering. "1999 is listed hovering around in the 80-100 yuan, in February 2000 had even dropped to 80 yuan from 90 yuan, but mainly because Hong Kong was the technology bubble burst, the broader market is down, it only followed the broader market down for a while, and then will enter the correction in the 2001-2003 period, while in 2003 there have been soaring all the way. "
What makes a top-performing stocks?
As a high-growth stocks, the main factors supporting Manulife stock What is this? Conspiracy theorists even wonder: Are there some behind the human factor? Hong Kong's fund managers have little gives a unified answer: strength of heroes.
Manulife Financial Senior Vice President and General Manager of Hong Kong Michael Huddart (Chinese name why Dade), told reporters, as of this year, Manulife Financial has been maintained for 10 consecutive years up to 20% or more of the revenue growth.
"Hype the stock, it is not necessary." KC-known investment expert, said, "First, it put the price there, your speculation too costly; Secondly, the trading volume is small, its shareholders are mostly some institutions investors, fund managers most of it long-term holding, individual investors have seen such a high stock prices, not many are willing to sell. "
Liang Weipei Hong Kong "Stock King" attributed the success of Manulife Financial come across a good time (involved in asset management business). "Manulife Financial addition to Canada, but also includes Bermuda, and many other offshore financial management. Alleged that the company's assets of more than 100 million customers, 20 million people, the total assets under management more than one trillion dollar - if the 2% of the asset management fee to receive, then this piece of profits each year just to be able to reach 20 billion Hong Kong dollars, which is quite impressive. "
Manulife Financial disclosure data show that in 2005, the year of the company's Canadian assets under management reached 372.3 billion yuan, an increase of 24.9 billion Canadian dollars. Among them, the general fund assets due to a stronger Canadian dollar impact and guarantees and structured financial products as annuities due and decreased by 19 billion yuan; separate fund assets in 2004 to 117.6 billion Canadian dollars increased by 19%, reaching 139.7 billion plus yuan.
A condition of anonymity Manulife insurance consultant, said, "Manulife Financial results for the steady growth of the inner mysteries is that shareholders of Manulife many of which are their insured customers. In the industry, almost no where an insurance company have the guts to put such a gold content shares of hands it to you, this move to the Manulife's customers is a huge temptation to make it the rising volume of business. "
He also said that Manulife Financial is very good at using the advantages of its own shares, on the one hand to attract customers, on the other hand also as a means to motivate staff. For instance, the company established a superstar (superstar) Award Scheme, the employees receive this honor will be awarded 1,000 shares of the Company.
Manulife Asia, Senior Vice President and Chief Financial Officer Cindy Forbes (Chinese name Fanpei poetry) interview with this newspaper disclosed that Manulife's growth is mainly from North America market, while Japan and Hong Kong are also important markets, but the future is likely to come from high-growth China. "We are planning to expand the number of licenses in China."
As the first to enter a foreign market, China Life Insurance Company, Manulife Financial on November 26, 1996, and Sinopec, China's foreign economic and trade trust and investment companies formed a joint venture in Shanghai, China's first joint venture life insurance company - in the Hong Life Insurance Company.
Today, Manulife already has in China, Beijing, Shanghai, Chengdu and other cities in a total of 12 licenses. "We are definitely the future is to further expand the scope of license, but for now, we hope to concentrate more on the current market, mainly in Beijing, Shanghai and other large cities for business conduct." Fanpei poem says. At present, there are about 5000 Manulife's professional staff and insurance consultants, more than 250,000 customers in mainland China.
Liangwei Pei believes that the current share price of Manulife although a high absolute value, but the holdings are still worth pursuing. "China Life's price-earnings ratio can reach 35 times, AIG itself is a scandal in the body, its price-earnings ratio has reached 18-20 times, while Manulife Financial in 2005, about 15 times earnings, however, apparently still worth buying."
However, interested in short-term speculation for the run, Manulife may not be the best choice. Hong Kong, an investment adviser told reporters that "every person's investment strategy is different, if you go back 2 100 million to invest, it must vote in this stock, but if you have a plan and only have invested hundreds of thousands, it is possible that you will not vote the shares. "
