Ping An Securities Analyst Recommends China Life Insurance

BEIJING, Jun 23, 2008 (SinoCast via COMTEX) -- LFC | Quote | Chart | News | PowerRating -- Ping An Securities analyst Shao Ziqing offers a "recommendation" rating to China Life Insurance Co., Ltd. (NYSE: LFC, SHSE: 601628 and SEHK: 2628) in terms of its achievements in 2008.

She anticipated that the insurer's per-share earnings, net assets and embedded value would reach CNY 0.79, CNY 5.94 and CNY 9.3 in the year. The life insurance market in China is in a climbing period presently, from her point of view, and China Life Insurance would benefit most from the market, with a 44.2% market share. Besides, its operation and management are under improvement.

However, the rating given by the Haitong Securities Analyst Pan Hongwen was "neutral". The insurer's premium in the first five years of 2008 increased 48% from the comparable period of the previous year, according to him, but the high-speed growth of its low-profit-margin banking & insurance products would decrease the marginal profit ratio of its new business to about 9%, compared to about 10% a year earlier.

From www.cnstock.com, Page 1, Friday, June 20, 2008 info@SinoCast.Com

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index