Dividends4Life: An Undervalued Chinese Dividend Stock

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An Undervalued Chinese Dividend Stock

Posted by D4L | Thursday, December 02, 2010 | | 0 comments »

Looking for undervalued, Chinese dividend paying stocks with strong earnings that will share in China's future growth? Take a look at CNinsure, (CISG), a dividend stock whose Q3 2010 net income rose 43%, and revenue rose 30%. After CISG reported these stellar Q3 earnings, the stock got beaten up in the market, (probably by short sellers - the short float is at 7.10%) before bouncing right back 13% the next day, when the firm's officers did the right thing and said that they'll be buying shares of their company. The CEO Yinan Hu said in a statement that the purchase is an act of confidence in CNinsure's stock, and said CFO Peng Ge will also purchase shares.

CNinsure Inc., founded in 1998 and headquartered in Guangzhou, is a leading independent insurance intermediary company operating in China. CISG's distribution network reaches many of China's most economically developed regions and affluent cities. It distributes a wide variety of property and casualty insurance products and life insurance products underwritten by both domestic and foreign insurance companies operating in China and offer insurance claims adjusting services, such as assessment, survey, authentication and loss estimation, as well as other insurance-related services to individuals and institutions. As an insurance intermediary, the Company is not exposed to any underwriting risks.

Source: Seeking Alpha

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