i was guessing some 7%-10%... nothing is really surprise, trading at .7X NBV, i don't see it's a call for earnings, but management credibility and clearer group strategy and vision, which the management managed to deliver at least some. nevertheless happy to see a relatively low llp and intact normalized earnings before market impact, lower impairment and improved capital position. hopefully after some profit taking tomorrow it could rally again, if the us could bring some nice news on the economy.
should have bought some sns yesterday..... the valuation is still low though. |