Top PickLast stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/stan-wong-s-top-picks~2254182
Manulife Financial (MFC TSX) Last bought this month at ~C$24.00
With C$1.3 trillion in assets under management and administration and a market capitalization of almost C$47 billion, Manulife is one of the world’s largest life insurance companies. Manulife offers annuity, pension, life insurance, health insurance and asset management products operating in North America and Asia. With Asia representing over 35 per cent of Manulife’s overall revenue, the Company stands to benefit long-term from the region’s growing middle class and its demand for life insurance, health insurance and wealth management. As well, an aging global population is a catalyst for greater demand for MFC’s wealth management offerings. Near-term, rising interest rates should help life insurers such as Manulife. MFC currently trades at about 1.0x price-to-book, a relative discount to its peer group. The shares pay an attractive 4.6 per cent dividend yield which is expected to reasonably grow over the next few years.
TOP PICK
Manulife Financial(MFC-T)
04/08/2021
One of largest lifecos in the world. Asia counts for 35% of revenue, with greater demand in the future. Growing middle class and aging demographic are a bonus. At 1x price to book, trades at a discount to the peer group. Interest rates will benefit. Yield is 4.59%. (Analysts’ price target is $29.22)
INSURANCE
Stan Wong
$24.480
Owned