Editor's Note: May 12, 2008 Wenchuan County, Sichuan province, Richter 7.8 earthquake, North China, East China has obvious sense of earthquakes. 13 66-Chongqing total suspension of listed companies, 14, about half of companies publish messages and resumption of trading. To this end, the daily special guotai Junan Institute Division XI effect on related industries to make analysis of listed companies.
Insurance: the negative impact of the limited long-term development phase
Earthquakes are often classified as insurance except of, unless purchased separately, the insurance company does not assume responsibility for payment, insurance reimbursement expenses will not be very large.
Life insurance required to bear the responsibility for payment, but coverage is low. The disaster caused by the loss of life, a life insurance needs to assume responsibility for payment. Life insurance reimbursement depends on the number of casualties, insured and insured. As the source in the more remote villages and towns, the insured and the insured amount is relatively low, although the number of casualties is enormous, but the insurance company to assume the responsibility of the payment remains limited.
The affected areas of the insurance market share is small. Sichuan life insurance accounting for 5.2%, insurance 4.3%. The focal center of ABA's premium only Sichuan 0.17%, of which the life insurance premium of 0, accident and health insurance are less than 45 000. Two large area in the Builing Mianyang deyang and aggregate market share is less than 10%.
Effect on the company and there is a difference, ping slightly smaller. From insurance companies, the premium account in Sichuan province than in 3%-5%, in line with the industry in General. Life insurance is concerned, China Pacific insurance ratios slightly higher, while the China life of rural market share is higher, therefore, the impact is relatively large. China ping an's market is mainly concentrated in the more developed regions, the impact is relatively small. In response to the Government calls on may increase the payment, but are still subject to the restrictions on commercial principles. Although insurance companies may be in response to the Government calls on and appropriate to relax the payment standards, but in the end have to follow the business principles, the amount of compensation will not exceed the amount to be paid too much.
Negative impact is limited, long-term help to the development of the insurance industry. We judge that the earthquake disaster payments expenditure increase insurance company, limited impact on the insurance unit; in the long term, natural disasters, to help raise awareness of insurance, the insurance is in the interest of the long-term development.
Medicine: short-term stimulus rare Super expected benefits
In addition to the styptic, fighting, medication needs amplification, anti-infective drugs and preventive products will be more interesting. Due to the earthquake caused the enormous amount of casualties, hemostasis, blood products, and other drug use has become the foremost Traumatology scarce materials, this will give Yunnan baiyao (000538), Metro pharmaceutical (600297) and other related companies. Usually a major catastrophic event occurs after the disaster areas to prevent an outbreak will become more and more important in all types of antibiotics and vaccines demand will quickly zoom, this may give large general drug manufacturers such as North China pharmaceutical (600812), Lukang luyuan medicine (600789), S Hayao (600664), Baiyun mountain (000522), lizhu Group (000513), double-crane pharmaceuticals industry (600062), consistent pharmaceutical (000028, subsidiaries-Jun pharmaceutical is an important manufacturer of anti-infective drugs) and other companies, as well as the vaccine supplier Temple of biological (600161), a positive impact. Common diseases such as influenza, diarrhea and other therapeutic drugs demand is also growing rapidly, S sanjiu (000999) to OTC products as the company may be subject to a positive impact.
Concern is, we believe in great calamities raids, the pharmaceutical enterprises most likely would not have received over expected return. This is mainly because in such a special time, countries for important material is likely to take special controls, such as a non-market-oriented approach to cost plus method to carry out large-scale centralized purchasing, expropriation, in addition, we expect that there will be a large number of pharmaceutical companies to take measures such as drug donations to assist disaster relief.
National basic medication regime is likely to lend this incident to highlight that feed on the far-reaching implications of the entire industry. After the earthquake, the national importance of medication system will further be fore, has been included in the first group of urban communities, rural basic medication fixed-point production enterprise directory of companies, is likely to become the national procurement of important objects. Related product sales will quickly zoom. Enter the first urban communities, rural basic medication fixed-point production enterprise directory of listed companies including: double crane pharmaceuticals industry (600062), North China pharmaceutical (600812), Southwest pharmaceutical (love unit, quotes, news) (600666), Metro pharmaceutical (600297), on the real medicine (love unit, quotes, news) (600607, Changzhou pharmaceutical factory parent company), the company is worth attention.
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