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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (132904)12/12/2022 2:35:12 PM
From: Goose94Read Replies (2) of 202710
 
Manulife Financial (MFC-T) top pick from Michael Sprung on BNN.ca Market Call Monday December 12th @ 1200ET

Manulife is a leading financial services group with operations in Canada, the U.S. and Asia. Asian sales have been impacted by the strict protocols with respect to COVID-19 that should diminish as restrictions ease. New accounting rules under IFRS 17 will be coming into effect in 2023 in the insurance industry which will add some complexity to analyzing financial reports. The company has a very strong capital position with which to exploit opportunities as they arise. At current levels, the valuation is very attractive with a price under book value and a yield of 5.5 per cent.
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