|Bid||24.600 x 0|
|Ask||24.650 x 0|
|Day's Range||24.300 - 24.600|
|52 Week Range||18.460 - 26.200|
|PE Ratio (TTM)||33.54|
|Forward Dividend & Yield||0.04 (1.16%)|
|1y Target Est||29.91|
Although growing level of premium income and investment income boost China Life's (LFC) top line, increasing expenses continue to hurt the bottom line.
China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. Beijing would likely lean on cash-rich SOEs like China Life Insurance and Citic Group Corporation to bail out the largest of the struggling companies, the people said. A limited role for private capital would raise questions about the depth of any overhaul of the SOEs.
Baidu (BIDU) and China Life Insurance Group have created a $1.0 billion (or 7.0 billion yuan) investment fund called the Baidu Fund Partnership.
The Zacks Analyst Blog Highlights: Comcast, Thermo Fisher, China Life Insurance, Deere and American Airlines
The Zacks Analyst Blog Highlights: AbbVie, Broadcom 21st Century Fox, Intuit and China Life Insurance
China Life Insurance Company Limited (LFC) was a big mover last session, as the company saw its rise nearly 6% on the day amid huge volumes.
The U.S.-traded shares of China Life Insurance (2628.HK and LFC) rose 6.7% after it reported strong profits thanks to profitable investments. Reuters reports the company's profits rose 17.8% to 12.242 billion yuan ($1.84 billion) for the January-to-June period, with investment income up 11.4% to 56.6 billion yuan. The stock may also be getting a rise from an announcement that China Life Insurance Group and Chinese internet-search giant Baidu (BIDU) plan to establish a 7 billion yuan ($1 billion) equity fund.
The fund will focus on mid- to late-stage investments in areas such as artificial intelligence, internet finance and mobile internet.
BEIJING, Aug. 24, 2017 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2017 (the "Reporting Period") prepared under the International Financial Reporting Standards today. As at the end of the Reporting Period, the Company's total assets reached RMB2,875,092 million, an increase of 6.6% from the end of 2016. The Company's embedded value was RMB697,520 million, an increase of 7.0% from the end of 2016.
China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan private equity fund, targeting internet and other technology investments, China Life's listed arm said on Thursday. The Baidu Fund ...
China Life Insurance Company Ltd. (LFC) shares have gained 24% outperforming the Zacks categorized Life Insurance industry's gain of only 14%.
The Beijing-based company said it had net income of 15 cents per share. The life insurance company posted revenue of $39.44 billion in the period. Its adjusted revenue was $38.95 billion. China Life shares ...
BEIJING, April 21, 2017 /PRNewswire/ --China Life Insurance Company Limited (the "Company") (NYSE: LFC; HKSE: 2628; SSE: 601628), announced that the Company has filed its 2016 Annual Report on ...