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TKOMY.PK

ISIN: US8890941086
SEDOL: 2865809

Rating:

BUY

Target Price:

37.04 USD

Investment Horizon:

6 to 12 months
24th Nov 2008 View Report   Download

Company News Alert

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Tokio Marine Holdings Inc.’s (Tokio Marine) common stock price achieved our SELL target price on 21 November 2008. In addition to broad-based weakness in financial markets and recessionary conditions prevailing in Japan, the decline in price reflects the company’s weaker performance in 1H 09 and significant downward revision of its FY 2009 forecast. Our outlook for the common stock remains weak in light of the ongoing turmoil in…

20th Nov 2008 View Report   Download

1H 09 Update Report

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Tokio Marine Holdings Inc. (Tokio Marine) reported a marginal y-o-y increase in ordinary income, which was more than offset by the y-o-y increase in expenses in 1H 09, both of which were in line with our estimates. Although the company therefore reported a y-o-y decline in its operating profit and net income, both exceeded our expectations. Going forward, turmoil in global financial markets and particularly weakness in the…

10th Nov 2008 View Report   Download

1Q 09 Update Supplement

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Tokio Marine Holdings Inc. (Tokio Marine) announced a significant downward revision of its forecasts for the six months ended 30 September 2008 reflecting overall weakness in global financial markets and its impact on the company’s performance. Going forward, we remain concerned about the impact of turmoil in global financial markets and weakness in the Japanese life insurance market. However, we believe Tokio Marine’s focus on…

29th Oct 2008 View Report   Download

Company News Alert

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Tokio Marine Holdings Inc.’s (Tokio Marine) common stock price has depreciated significantly since our previous update report reflecting the ongoing global financial crisis. Going forward, while the weak outlook for Japan’s economy is expected to limit the company’s growth rate, we believe the company’s inorganic expansion in overseas markets will support performance. Given the decline in the common stock price, we maintain our BUY rating…

17th Sep 2008 View Report   Download

1Q 09 Update Report

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Tokio Marine Holdings Inc. (Tokio Marine) reported a flat top-line in 1Q 09. As growth in ordinary expenses outpaced marginal growth in ordinary income, the company reported a y-o-y deterioration in bottom-line in 1Q 09....