China Life’s Investor Day Revealed New Strategy, our FVE Still Holds
Following no-moat China Life’s investor conference held on Friday, we’re sticking to our HKD 23 and CNY 21 per share fair value estimate for H shares and A shares, respectively. The new management team revealed a strategic transformation plan over the next three to five years. We are encouraged by its revamped management incentive program and efforts to beef up sales capacity for protection type products in bancassurance and group insurance channels. The stock is fairly valued, trading at 0.7 ti...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.