CNInsure (CISG)
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Insurance is a natural part of the development of a world power. This is a good way for the government to get people to spend money.
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Stockscouter rating of 10 and high 3 and 12 month RS
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I got 40% gains in 60 days , thats good.. could this be a 100% bagger this year?
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It’s amazing how CISG is so under valuated.
Here are a few thoughts on this:
Balance:
Current Ratio of 9,87 in 2008 and a Current Ratio of 11,38 for the Q1 of 2009, which is fantastic. The Acid test presents the same values.
A Debt Equity Ratio of 14% in 2008 and of 15% for the Q1 of 2009.
These values reveal that CISG has absolutely NO problems of liquidity for the near future.
In 2007 revenues were 448 M RMB, in 2008 the revenues were 844M RMB, which represents an increase of 88% in 1 year with an average gross margin of 48%. Not bad, not bad at all.
Beside these favorable data as of March 31, CNinsure had cash and cash equivalents of 1.7 billion yuan.
At the end of March 31, 2009, CISG’s total net revenue was 215.9 million yuan, representing a year-on-year growth of 58% from 2008; mainly due to an increased sales force and contributions from newly acquired or established entities.
For the second quarter of 2009, CISG expects its total net revenue to be between 285 million yuan and 300 million yuan.
CNinsure has 29,125 sales professionals, while its distribution and service network consisted of 41 insurance agencies, five insurance brokerages and three claims adjustment firms with 348 sales and services outlets operating in 21 provinces in China. It also has 855 professional insurance claims adjusters.
At the present values, these stock is a bargain!!!
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China Insurance Co has moved 65% off 52 week low and still less than half the high. Is buying other Ins. Co. and earnings are growing now. Question....what did Warren B. make a lot of money on? It's starting to get noticed by the US market players. May pull back but future looks good at this time. Up 7% on 8/27, but the whole market was up too.
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Look at those earnings statements!
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China's insurance market is in its infancy, as the country's economy crows, so will its insurance market. A P/E under 25 on this stock is a crime.
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As of close of business on 2/20/08, this was a 5-star Morningstar stock trading at less than half of its Morningstar fair value.
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They are going along with their expansion plan. Recent brokerage acquisitions are increasing their national footprint in a very segmented chinese insurance market. They have way more upside and growth potential than LFC. This could easily double in value.
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in a market that big you don't have to be top dog(LFC)... you can just be there, and people like to have a option to choose..i think that there more growth potential in CISG
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People in China get richer and richer, so the security of life is the next in peoples' mind. The market for life insurance is huge in China now.
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Is CISG financial data information correct? How can they have 21 Billion market cap with 877 million outstanding? That is totally different from the informaiton i first received. If it is a 21 bil market cap, that is totally overvalued. I know sometimes, finanancial service publish wrong financial data. However, I checked multiple stock quotes service and they all say CISG has 877 million outstanding shares which makes a 21 bil market cap. I'm very puzzled.
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sells insurance with a huge market to sell to

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