Sri Lanka is still at the infancy when it comes to insurance and has a huge potential in both life and general insurance. With the strong backing of HNB bank HASU could become a definite winner in the sector. I have analysed the earnings of the company below.
Price Earnings (P/E) on reported EPS-12
Industry analysis (forward PE)
Union Assurance-34
Ceylinco Insurance -50
Amana-71
We can see that HASU is clearly undervalued and has a potential price of 100-140.
Cheers.
Happy trading