Credit Suisse keeps China Life H share "overperform" rating

Fri. September 19, 2008; Posted: 05:58 AM

BEIJING, Sep 19, 2008 (Xinhua via COMTEX) -- LFC | Quote | Chart | News | PowerRating -- Credit Suisse remained "overperform" rating for China Life Insurance Co., Ltd. (601628.SH; 2628.HK) on its robust premium growth in January-August, targeting 35 HK dollars.

China Life generated an unaudited premium of 225 billion yuan in the first eight months of 2008, up 57.2 percent on an annualized basis. The result will ensure the insurer to strike the bank's expectation for the whole-year premium growth of 28.7 percent.

Even so, Credit Suisse predicted that China Life's premium increase would slow down in the future.

China Life H share Friday jumped 9.8 percent to end at 28 HK dollars.

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

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