tag:blogger.com,1999:blog-1491809123398979739.post7621862131814266356..comments2024-03-10T11:10:02.660+08:00Comments on 股壇老兵鍾記 長勝之道: 再次調高友邦保險的評估價值(五)股壇老兵鍾記http://www.blogger.com/profile/07093066867147384620noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-1491809123398979739.post-39155929422516530592017-11-28T18:05:25.173+08:002017-11-28T18:05:25.173+08:00Peggy:不客氣。加油!Peggy:不客氣。加油!股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-28455004386150791852017-11-27T19:03:40.994+08:002017-11-27T19:03:40.994+08:00謝謝鍾sir解答,看來我要好好記熟不同英文縮寫的意思了
謝謝鍾sir解答,看來我要好好記熟不同英文縮寫的意思了<br />peggyhttps://www.blogger.com/profile/15510038242546368331noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-56997809783881686562017-11-27T17:20:36.348+08:002017-11-27T17:20:36.348+08:00Peggy:我採用PEG=1的概念,再打了七折,得出15倍Multiple。
友邦過去5年新業務價值...Peggy:我採用PEG=1的概念,再打了七折,得出15倍Multiple。<br />友邦過去5年新業務價值(NBV)複合增長率=22%,乘以0.7,得出15倍Multiple。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-47978562845422323322017-11-27T12:35:31.491+08:002017-11-27T12:35:31.491+08:00鍾sir, 剛看到你在樓上有回覆過multiple, 但為何15倍multiple 是等於較高的新業...鍾sir, 剛看到你在樓上有回覆過multiple, 但為何15倍multiple 是等於較高的新業務價值?peggyhttps://www.blogger.com/profile/15510038242546368331noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-1667816867846989722017-11-27T12:30:17.616+08:002017-11-27T12:30:17.616+08:00鍾sir, 我看你的書提到AV=EV+NBV * multiple, 想請問怎樣決定multiple...鍾sir, 我看你的書提到AV=EV+NBV * multiple, 想請問怎樣決定multiple 是多少?peggyhttps://www.blogger.com/profile/15510038242546368331noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-63481331495776442242017-08-06T15:27:54.482+08:002017-08-06T15:27:54.482+08:00Chris:不客氣。Chris:不客氣。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-83368876749255481662017-08-06T13:56:27.572+08:002017-08-06T13:56:27.572+08:00明白了,多謝,鍾Sir明白了,多謝,鍾SirChrisnoreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-84327531307525838982017-08-06T13:00:48.880+08:002017-08-06T13:00:48.880+08:00Chris:內涵價值權益為內涵價值、商譽及其他無形資產的總和。假如你想估值更保守,可以用內涵價值,雖...Chris:內涵價值權益為內涵價值、商譽及其他無形資產的總和。假如你想估值更保守,可以用內涵價值,雖然跟内涵價值權益的差別只有3%。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-20766845868795566192017-08-06T09:53:54.942+08:002017-08-06T09:53:54.942+08:00多謝,鍾sir. 有一個疑問:你計算友邦EV 為何唔用内涵價值463億美元,而用内涵價值權益478億...多謝,鍾sir. 有一個疑問:你計算友邦EV 為何唔用内涵價值463億美元,而用内涵價值權益478億美元?Chrisnoreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-2972183515856264322017-08-04T18:49:10.926+08:002017-08-04T18:49:10.926+08:00標竿兄:友邦股價表現都有良好的業績支持。標竿兄:友邦股價表現都有良好的業績支持。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-83003555633524794472017-08-04T18:45:54.926+08:002017-08-04T18:45:54.926+08:00Carman:不客氣。Carman:不客氣。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-4572037331433764962017-08-04T16:37:39.550+08:002017-08-04T16:37:39.550+08:00謝謝您的解答!
Carmen謝謝您的解答!<br />CarmenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-88727749871101388122017-08-04T10:41:29.348+08:002017-08-04T10:41:29.348+08:00友邦的確常交出令人滿意的成績表。友邦的確常交出令人滿意的成績表。80後標竿https://www.blogger.com/profile/16484132009656959776noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-59182260809238719142017-08-03T19:37:31.421+08:002017-08-03T19:37:31.421+08:00Carmen:我用了較高的15倍「新業務價值」Multiple來計算友邦未來新保單業務的價值,主要是...Carmen:我用了較高的15倍「新業務價值」Multiple來計算友邦未來新保單業務的價值,主要是基於分析員對它未來新業務價值增長的預測,概念跟PEG差不多,未來增長越快,倍數越高。當然,我也有參考友邦過去5年平均的NBV增長率22%。<br />由於中國人壽過去10年的NBV增長率平均只有15%,所以我用了較低的10倍「新業務價值」Multiple來計算它的未來新保單業務的價值。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-6850065503861329712017-08-03T18:20:15.583+08:002017-08-03T18:20:15.583+08:00謝謝鍾Sir 的分享! 有一點想請教︰請問15 倍multiple 是從何得出?
謝謝。
Carm...謝謝鍾Sir 的分享! 有一點想請教︰請問15 倍multiple 是從何得出?<br /><br />謝謝。<br />CarmenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-33801108339886320582017-08-03T16:49:20.532+08:002017-08-03T16:49:20.532+08:00斗滿兄:不客氣。斗滿兄:不客氣。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-26002890813188947512017-08-03T16:48:53.537+08:002017-08-03T16:48:53.537+08:00lo lo兄:不客氣。lo lo兄:不客氣。股壇老兵鍾記https://www.blogger.com/profile/07093066867147384620noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-78265784473083447862017-08-03T12:36:39.124+08:002017-08-03T12:36:39.124+08:00謝謝鍾sir分享!謝謝鍾sir分享!斗滿https://www.blogger.com/profile/17099496715778589730noreply@blogger.comtag:blogger.com,1999:blog-1491809123398979739.post-7474211865098552682017-08-03T09:59:18.697+08:002017-08-03T09:59:18.697+08:00thanks for sharingthanks for sharinglolohttps://www.blogger.com/profile/10535766541843761706noreply@blogger.com