2628.HK - China Life Insurance Company Limited

HKSE - HKSE Delayed Price. Currency in HKD
18.680
+0.160 (+0.86%)
At close: 4:08PM HKT
Stock chart is not supported by your current browser
Previous Close18.520
Open18.740
Bid18.660 x 0
Ask18.680 x 0
Day's Range18.620 - 18.960
52 Week Range15.440 - 23.350
Volume34,351,501
Avg. Volume28,256,940
Market Cap796.523B
Beta (3Y Monthly)1.36
PE Ratio (TTM)42.07
EPS (TTM)0.444
Earnings DateN/A
Forward Dividend & Yield0.18 (0.98%)
Ex-Dividend Date2019-06-06
1y Target Est21.48
  • Is China Life Insurance Company Limited  (LFC) A Good Stock To Buy?
    Insider Monkey

    Is China Life Insurance Company Limited (LFC) A Good Stock To Buy?

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • AIA Can Withstand Hong Kong Visitor Hit
    Bloomberg

    AIA Can Withstand Hong Kong Visitor Hit

    (Bloomberg Opinion) -- Turbulent times should mean good business for insurers as people try to protect themselves against the hazards of an uncertain world. Hong Kong’s summer of unrest has proved anything but happy for shares of AIA Group Ltd., the city’s biggest seller of policies. The company may prove more resilient than investors are giving it credit for.AIA has slumped more than 16% from its July 19 peak, among the worst performers on Hong Kong’s Hang Seng Index in that period. The insurer has the third-highest weighting in the benchmark after HSBC Holdings Plc and Tencent Holdings Ltd., which have both lost less than 9% over the same time frame. AIA’s steepening decline is unusual for a stock that has mostly seen steady gains since it was spun out of American International Group Inc. after the financial crisis in 2010.Blame the Hong Kong protests. Anti-government demonstrations have led to a precipitous fall in mainland Chinese visitors to the semi-autonomous city. These tourists are an important source of business for Hong Kong insurers, whose dollar-based products offer a hedge against the falling yuan and a route outside China’s restrictive capital controls. Chinese tour groups to Hong Kong for the Golden Week holiday starting Oct. 1 are set to plunge 86% from a year earlier, Jinshan Hong and Qian Ye of Bloomberg News reported last week, citing the city’s Travel Industry Council.Policies sold to mainland visitors accounted for 26% of total new premiums received from individuals in the first six months of 2019, according to Hong Kong’s Insurance Authority. While AIA sells insurance across Asia, Hong Kong contributed 40% of its new business value in the first half, Michael Chang of CGS-CIMB Securities Ltd. reckons. Of this, mainland Chinese visitors accounted for 20%, Chang estimates.The physical presence of customers in Hong Kong is important because, unlike most financial assets, the city’s regulators require insurance to be sold face-to-face, at least to new clients. AIA, Prudential Plc and China Taiping Insurance Holdings Co., a state-controlled company based in Shanghai, are among the most reliant on mainland visitors, according to Bloomberg Intelligence analyst Steven Lam.There’s more to AIA’s China exposure than sales made in Hong Kong, though. The company’s new business value in China surged 26% in the first half to account for 29% of AIA’s total. Demand for insurance is surging in the mainland as incomes rise while health and retirement systems remain under-developed.Until recently, AIA had failed to make much headway in a market that’s dominated by state behemoths such as China Life Insurance Co., despite being the only foreign insurer allowed to operate without a partner (thanks to roots that stretch back to 1919, when AIG was founded in Shanghai). That may be starting to change as the government, under pressure from slowing economic growth, opens its financial markets further to overseas companies.This year, the government loosened regulations that restricted AIA to five geographical regions: Beijing, Shanghai, Shenzhen and the provinces of Jiangsu and Guangdong. The insurer has now moved into new provinces and started selling policies in Tianjin municipality and in the city of Shijiazhuang in Hebei province. (German insurer Allianz SE  has been given the green light to set up the first wholly foreign-owned insurance holding company in the country.)In any event, the collapse in Chinese visitors to Hong Kong is likely to ease even if the protests continue. Investment-linked insurance products denominated in the Hong Kong dollar – which is pegged to the greenback – offer a perennial hard-currency allure for mainland individuals with few opportunities to diversify at home. Insurers in the city also sell policies denominated in the U.S. dollar itself. AIA’s new business value in Hong Kong jumped 19% in the first half.The slide in AIA stock has taken its price to embedded value to 1.9 times, from a peak of 2.4 times at the end of June. That’s still a premium to rivals such as Ping An Insurance (Group) Co., at 1.3 times, and China Life at 0.5 times, according to data compiled by Bloomberg. Prudential, weighed down by its exposure to the slower-growing U.K. market, trades at 0.7 times embedded value. Still, 19 of 22 analysts tracked by Bloomberg rate AIA stock a buy, with only one sell recommendation.This slump looks to have limits.        To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Volatility 101: Should China Life Insurance (HKG:2628) Shares Have Dropped 14%?
    Simply Wall St.

    Volatility 101: Should China Life Insurance (HKG:2628) Shares Have Dropped 14%?

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • What Should Investors Know About China Life Insurance Company Limited's (HKG:2628) Growth?
    Simply Wall St.

    What Should Investors Know About China Life Insurance Company Limited's (HKG:2628) Growth?

    In March 2019, China Life Insurance Company Limited (HKG:2628) released its earnings update. Generally, it seems that...

  • PR Newswire

    China Life Insurance Company Limited Announces 2019 Interim Results (H SHARES)

    HONG KONG, Aug. 22, 2019 /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 2019 (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 RMB3,479,860 million, an increase of 6.9% from the end of 2018. The Company's embedded value was RMB886,804 million, an increase of 11.5% from the end of 2018.

  • PR Newswire

    China Life Insurance Company Limited Announced Resignation of Mr. Zhao Lijun as the Person in Charge of Finance

    HKSE: 2628) announced today that Mr. Zhao Lijun tendered his resignation as the person in charge of finance (equivalent to Chief Financial Officer) of the Company on July 8, 2019 due to the adjustment of management division, which took effect on the same day. The Company would like to express its gratitude to Mr. Zhao Lijun for his contribution to the Company during his tenure of service as the person in charge of finance of the Company. China Life also announced that the Board has nominated Mr. Zhao Peng as the person in charge of finance of the Company at the twelfth meeting of the sixth session of the Board.

  • Should You Investigate China Life Insurance Company Limited (HKG:2628) At HK$19.24?
    Simply Wall St.

    Should You Investigate China Life Insurance Company Limited (HKG:2628) At HK$19.24?

    China Life Insurance Company Limited (HKG:2628) saw significant share price movement during recent months on the SEHK...

  • Should You Be Tempted To Sell China Life Insurance Company Limited (HKG:2628) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell China Life Insurance Company Limited (HKG:2628) Because Of Its P/E Ratio?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today, we'll introduce the concept of the P/E ratio for those who are learning about investing...

  • Reuters

    BRIEF-China Life Insurance's Q1 Premium Up 11.9 Pct Y/Y

    April 25 (Reuters) - China Life Insurance Co Ltd : * SAYS Q1 PREMIUM UP 11.9 PERCENT Y/Y AT 272.35 BILLION YUAN ($40.40 billion) Source text in Chinese: https://bit.ly/2Vp0aFR Further company coverage: ...

  • PR Newswire

    China Life Announces Filing of 2018 Annual Report on Form 20-F

    BEIJING , April 24, 2019 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; HKSE: 2628; SSE: 601628), announced that the Company has filed its 2018 Annual Report ...

  • China Life Insurance Company Ltd. (LFC): Are Hedge Funds Right About This Stock?
    Insider Monkey

    China Life Insurance Company Ltd. (LFC): Are Hedge Funds Right About This Stock?

    Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]

  • PR Newswire

    China Life Insurance Company Limited Announces 2018 Annual Results (H SHARES)

    HONG KONG, March 27, 2019 /PRNewswire/ -- China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the audited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the year ended 31 December 2018 (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 RMB3,254,403 million, an increase of 12.3% from the end of 2017. The Company's embedded value was RMB795,052 million, an increase of 8.3% year-on-year.

  • Reuters

    China Life 2018 profit plunges on poor stock market returns

    * China Life annual profit falls 64.7 pct y/y * Gross investment returns drop 30 pct y/y amid weak stock market (Adds bullet points, details) SINGAPORE/HONG KONG, March 27 (Reuters) - China Life Insurance ...

  • Reuters

    BRIEF-China Life Insurance's 2018 Net Profit 11.395 Bln Yuan Versus 32.253 Bln Yuan Year Earlier

    (Refiles to fix formatting in headline) March 27 (Reuters) - China Life Insurance Co Ltd : * SAYS 2018 NET PROFIT 11.395 BILLION YUAN ($1.69 billion) VERSUS 32.253 BILLION YEAR AGO Source text in Chinese: ...

  • Can China Life Insurance Company Limited (HKG:2628) Improve Its Returns?
    Simply Wall St.

    Can China Life Insurance Company Limited (HKG:2628) Improve Its Returns?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use ReturnRead More...

  • China Life Insurance Company Limited (HKG:2628): Will The Growth Last?
    Simply Wall St.

    China Life Insurance Company Limited (HKG:2628): Will The Growth Last?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Based on China Life Insurance Company Limited's (HKG:2628) earnings updateRead More...

  • Beijing Conjures a Perfect Storm for Insurers
    Bloomberg

    Beijing Conjures a Perfect Storm for Insurers

    China Life Insurance Co.'s surprise profit warning late Tuesday indicates otherwise. The company estimates its 2018 earnings fell by 50 percent to 70 percent, largely because of flagging investment income from equity losses. Not only are government bond yields falling – the lifeblood of insurers’ investment income – but providers are also taking on the mantle of rescuing the country’s flailing stock market.

  • Reuters

    BRIEF-China Life Insurance Sees 2018 Net Profit Down 50-70 Percent Y/Y

    Jan 29 (Reuters) - China Life Insurance Co Ltd : * SAYS IT SEES 2018 NET PROFIT DOWN 50-70 PERCENT Y/Y Source text in Chinese: https://bit.ly/2ME98bA Further company coverage: (Reporting by Hong Kong newsroom)...

  • At HK$19.08, Is It Time To Put China Life Insurance Company Limited (HKG:2628) On Your Watch List?
    Simply Wall St.

    At HK$19.08, Is It Time To Put China Life Insurance Company Limited (HKG:2628) On Your Watch List?

    Today we're going to take a look at the well-established China Life Insurance Company Limited (HKG:2628). The company's stock led the SEHK gainers with a relatively large price hike in Read More...

  • Reuters

    BRIEF-New China Life Insurance Plans Re-election Of Board Of Directors

    Jan 7 (Reuters) - New China Life Insurance Co Ltd : * SAYS IT IS CURRENTLY PLANNING THE RE-ELECTION OF BOARD OF DIRECTORS, CLARIFYING MEDIA REPORTS * SAYS COMPANY IS OPERATING NORMALLY Source text in Chinese: ...

  • Is China Life Insurance Company Limited (HKG:2628) A Great Dividend Stock?
    Simply Wall St.

    Is China Life Insurance Company Limited (HKG:2628) A Great Dividend Stock?

    A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Historically, China Life Insurance Company Limited (HKG:2628) has paid a Read More...

  • Do Hedge Funds Love China Life Insurance Company Ltd. (LFC)?
    Insider Monkey

    Do Hedge Funds Love China Life Insurance Company Ltd. (LFC)?

    Before we spend days researching a stock idea we’d like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 8.7% through October 26th. Forty percent of the S&P 500 constituents were down more than 10%. The average return of a randomly picked stock […]

  • PR Newswire

    China Life Announces Resignation of Mr. Lin Dairen and Appointment of Mr. Su Hengxuan

    HKSE: 2628) announced today that Mr. Lin Dairen tendered his resignation as an Executive Director and the President of the Company and a member of the Strategy and Assets and Liabilities Management Committee on 19 December 2018 due to the reason of age, which took effect on the same day. The board of directors (the "Board") of the Company would like to express its gratitude to Mr. Lin Dairen for his contribution to the Company during his tenure of service. Meanwhile, China Life announced that at the ninth meeting of the sixth session of the Board held on 20 December 2018, Mr. Su Hengxuan was appointed as the President of the Company and was re-designated as an Executive Director of the Company.

  • Reuters

    BRIEF-China Life Insurance Says Jan-Nov Premium Income Totalled About 512.3 Billion Yuan

    Dec 11 (Reuters) - China Life Insurance Co Ltd : * SAYS JAN-NOV PREMIUM INCOME TOTALLED ABOUT 512.3 BILLION YUAN ($74.53 billion) Source text: https://bit.ly/2EqKSIN Further company coverage: ($1 = 6.8733 ...