Tong Yang Life Insurance Co., Ltd. (KRX:082640) shares have had a really impressive month, gaining 27% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 81%. Even after such a large jump in price, given about half the companies in Korea have price-to-earnings ratios (or “P/E’s”) above 13x, you may still consider Tong Yang Life Insurance as a highly attractive investment with its 5x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine…
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