China Life Insurance's restructuring pace is hampered by its large scale.
No-moat China Life posted 98% year-on-year net profit growth for the first nine months, driven by accelerating premium growth, better investment returns, and lower claim costs in the past quarter. We maintain our fair value estimate of CNY 21 for the A shares and will increase our fair value estimate to HKD 25 per share from HKD 24 to reflect a 1.56% appreciation in the yuan against the Hong Kong dollar since our last update.Better investment returns were the primary contributor for the strong ...
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.