BNP keeps "underweight" rating for China Life

Mon. August 04, 2008; Posted: 04:57 AM

BEIJING, Aug 04, 2008 (Xinhua via COMTEX) -- LFC | Quote | Chart | News | PowerRating -- BNP Monday kept its "underweight" rating for China Life Insurance (601628.SH; 2628.HK) and slightly lifted the price target from 20.12 HK dollars to 20.25 HK dollars.

BNP forecasted that China Life would gain 12.6 billion yuan of net profit in 2008 as against 4 billion yuan predicted before, down 46 percent over the same time last year.

The prediction is based on China Life's announcement that it sharply slashed its investment in stocks to reduce loss.

China Life A-share Monday closed at 25.58 yuan, down 2.48 percent year on year.

For full details on China Life Insurance Company (LFC) click here. China Life Insurance Company (LFC) has Short Term PowerRatings of 4. Details on China Life Insurance Company (LFC) Short Term PowerRatings is available at This Link.

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

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.