China Life Posted 2016 Full-Year Earnings Guidance With 40%-50% Decline in Net Profit
China Life announced negative earnings guidance for full-year 2016, with shareholders' net profits falling 40%-50% from the year-ago period, which was dragged by disappointing investment returns and increased reserve charges during the year. The announcement is largely in line with our expectations. China Life traditionally demonstrated higher-than-peer sensitivity to the performance of the stock market, given its relatively higher equities investment proportion. Instead, our focus is on its sus...
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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.
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