[Infostock Daily= Reporter An Hoe Hyun] Cape Investment & Securities said Samsung Fire & Marine Insurance's combination with Tencent is positive for arousing investment sentiment. No investment opinion or target stock price was offered separately.
"Tencent and financial investors will be converted into a joint venture by investing in Samsung Fire & Marine Insurance's Chinese subsidiary," the company explained, adding, "Tencent is expected to be competitive in online channels with 1.2 billion customers and is expected to be an event that will affect multiple rather than value per share in the short term."
"At this point, the financial impact of the event should be taken as momentum as it is difficult to predict, and it is a factor that affects the multiple rather than the value per share," the company analyzed.
Reporter An Hoe Hyun ahh@infostock.co.kr
