Latest news with #HanwhaGeneralInsurance
Yahoo
20-05-2025
- Business
- Yahoo
3 Asian Dividend Stocks To Consider With Up To 5.3% Yield
As global markets react positively to the recent U.S.-China trade agreement, Asian indices are experiencing a boost in investor sentiment. In this environment, dividend stocks can offer a compelling blend of income and potential growth, making them an attractive option for investors seeking stability amid market fluctuations. Name Dividend Yield Dividend Rating en-japan (TSE:4849) 4.33% ★★★★★★ Wuliangye YibinLtd (SZSE:000858) 4.91% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.24% ★★★★★★ CAC Holdings (TSE:4725) 4.94% ★★★★★★ GakkyushaLtd (TSE:9769) 4.13% ★★★★★★ Yamato Kogyo (TSE:5444) 4.71% ★★★★★★ Soliton Systems K.K (TSE:3040) 4.05% ★★★★★★ E J Holdings (TSE:2153) 5.02% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.29% ★★★★★★ Japan Excellent (TSE:8987) 4.48% ★★★★★★ Click here to see the full list of 1247 stocks from our Top Asian Dividend Stocks screener. We'll examine a selection from our screener results. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Hanwha General Insurance Co., Ltd. offers insurance services in South Korea and has a market cap of approximately ₩511.62 billion. Operations: Hanwha General Insurance Co., Ltd. generates revenue primarily from its Property & Casualty insurance segment, amounting to approximately ₩5.67 billion. Dividend Yield: 4.5% Hanwha General Insurance's dividend profile shows a mixed picture. While the company offers a top-tier dividend yield of 4.52% in the KR market, its track record is unstable with volatility over the past six years. However, dividends are well-covered by earnings (9.5% payout ratio) and cash flows (1.7% cash payout ratio), indicating sustainability despite historical unreliability. The stock trades at good value compared to peers and is expected to rise significantly according to analysts' consensus estimates. Delve into the full analysis dividend report here for a deeper understanding of Hanwha General Insurance. Our valuation report here indicates Hanwha General Insurance may be undervalued. Simply Wall St Dividend Rating: ★★★★★★ Overview: Sporton International Inc. offers product testing and certification services both in Taiwan and globally, with a market cap of NT$19.15 billion. Operations: Sporton International Inc. generates revenue through its specialized product testing and certification services offered domestically and internationally. Dividend Yield: 5.4% Sporton International offers a strong dividend profile with a yield of 5.37%, placing it in the top quartile of Taiwan's market. The dividends have been stable and reliable over the past decade, supported by earnings and cash flows, with payout ratios at 79.8% and 72.2% respectively. Despite recent amendments to its Articles of Incorporation, the company maintains a favorable price-to-earnings ratio of 15.4x, below the market average, indicating potential value for investors seeking income stability. Navigate through the intricacies of Sporton International with our comprehensive dividend report here. The analysis detailed in our Sporton International valuation report hints at an inflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Kanaden Corporation is an electronics solutions company operating in Japan and internationally, with a market cap of ¥37.59 billion. Operations: Kanaden Corporation's revenue is primarily derived from its FA System Business at ¥47.67 billion, Infrastructure Business at ¥26.18 billion, Building Equipment Business at ¥15.38 billion, and Information and Device Business at ¥26.44 billion. Dividend Yield: 3.7% Kanaden's dividend outlook presents a mixed picture. While dividends are well-covered by earnings and cash flows, with payout ratios of 41.9% and 73.2%, respectively, the company has a history of volatile payments over the past decade. Recent guidance indicates a slight reduction in future dividends to JPY 36 per share from JPY 39 previously, despite an increase to JPY 39 for the fiscal year ended March 2025. The current yield is below Japan's top quartile, but its price-to-earnings ratio of 11.2x suggests potential value compared to the market average. Click to explore a detailed breakdown of our findings in Kanaden's dividend report. Our expertly prepared valuation report Kanaden implies its share price may be too high. Navigate through the entire inventory of 1247 Top Asian Dividend Stocks here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A000370 TPEX:6146 and TSE:8081. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
01-05-2025
- Automotive
- Korea Herald
Korea's first digital insurer Carrot absorbed into parent after losses
Carrot's quiet exit underscores hard limits of online insurance in market still anchored in face-to-face sales Carrot General Insurance, once hailed as South Korea's pioneering digital insurer, is set to be folded into its parent company Hanwha General Insurance, marking a bitter close to its seven-year foray into digital-first insurance. Hanwha General announced Tuesday it had acquired 25.86 million shares in Carrot for 205.6 billion won ($144.43 million), boosting its ownership to 98.3 percent. The deal included the purchase of stakes from key investors such as Tmap Mobility, Stic Investments, Altos Ventures, Affirma Capital and Hyundai Motor Company. The acquisition is widely seen as a precursor to a full merger between the two insurers. In early April, Hanwha General stated it was considering various options for Carrot, excluding a sale. The company is expected to finalize its decision at an upcoming board meeting, with an announcement slated for May. Some of Carrot's investors are believed to have exited after incurring losses. Each investor reportedly sold their shares to Hanwha General at different prices, with the average deal valuing Carrot stock at around 8,000 won per share. That includes Affirma Capital, which invested in 2022 when shares were valued at roughly 15,000 won. Hanwha General itself is also believed to have taken a hit, considering the scale of its cumulative capital injections into Carrot over the years. Carrot was launched by Hanwha General Insurance in May 2019 as Korea's first internet-only general insurer. It gained attention with its signature pay-per-mile auto insurance, which calculates premiums based on actual driving distance — offering a sharp contrast with conventional plans that require full annual payments regardless of usage. Despite early expectations for innovation, Carrot failed to turn a profit, posting net losses for six consecutive years. Its annual loss peaked at 84 billion won in 2022, before narrowing slightly to 66.2 billion won last year. The accumulated loss is estimated to be around 330 billion won. Financial soundness also eroded, with its K-ICS capital adequacy ratio plunging from 656 percent in 2022 to 156 percent last year — barely above the 150 percent threshold recommended by local regulators. Industry watchers say Carrot failed to break through in the broader insurance market, limited by its digital-only model. The local insurance sector remains dominated by traditional firms that rely heavily on in-person sales, while digital products like auto insurance — Carrot's core offering — are typically short-term, low-premium products with thin margins. "Long-term guarantee products, key profit drivers for insurers, remain difficult for consumers to navigate online," said an official from another local insurance company. "The asymmetry in information, combined with complex terms and coverage, makes it hard for the average person to grasp without an agent's guidance. As a result, those seeking such products still turn to traditional channels over digital-only insurers.' A 2024 report from the Korea Insurance Research Institute highlighted the gap, revealing that just 0.6 percent of life insurance and 6.2 percent of general insurance products were purchased online. Carrot's merger may sound an alarm to other digital insurers here, most of which survive on repeated capital injections from parent firms as losses pile up. All five players — Carrot, Kyobo Life Planet, Shinhan EZ General Insurance, Kakao Pay Insurance and Hana General Insurance — posted net losses last year, totaling 188.6 billion won. However, the industry official cautioned against framing Carrot's merger as a complete failure. 'Digital innovation in finance is a long-term endeavor, one that companies expect to take at least a decade,' the official said. 'Even with its limitations, Carrot carved out a unique strategy that could ultimately support Hanwha's digital ambitions following the merger.' While sluggish demand from younger generations — the core target for digital insurers — has slowed progress, the official noted that momentum is building. 'Demand is rising, gradually but steadily. Digital adoption is already widespread in short-term insurance, and as technology and infrastructure evolve, digital channels will increasingly support long-term insurance products.'
