Q: Hi Team
I have done really well with Manulife, but at $40, it’s seem a bit expensive. Is there any company with similar yield that you consider worth switching to?
Thank You
I have done really well with Manulife, but at $40, it’s seem a bit expensive. Is there any company with similar yield that you consider worth switching to?
Thank You
5i Research Answer:
SLF will offer decent value and a slightly higher yield. Generally, though, we do not want to change what is 'working'. MFC is benefitting from improving operations and lower interest rates. It remains cheap at 10.7X earnings. If one wants to switch sectors, ENB offers a 6.6% yield plus potential as well. But we would not currently view MFC as a sell.