Q: Your views on its high TTM P/E ration of 224. Is it normal of this kind of high P/E in Insurance sector?
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5i Research Answer:
We are seeing TSU's forward P/E at 13.0X, although its trailing P/E is high at 136X, although this is mostly due to its writedowns and other accounting issues it has had throughout the last year. Its forward P/E is in line with the financial sector, and we consider it to be appropriate to slightly undervalued.