Report
Iris Tan
EUR 100.00 For Business Accounts Only

China Life Released 1Q Earnings Alert

No-moat China Life posted first-quarter earnings guidance indicating that net profit for the past quarter surged 110%-130% from the year-ago period, versus 69% in 2017. We suspect this was attributable to lower reserve expense, given its high sensitivity to interest rates, and so it is one of the largest beneficiaries of the rising average two-year government bond yield in 2018. However, our generally positive outlook is supported by a strong rebound in premium sales in March, as first-quarter p...
Underlying
China Life Insurance Co. Ltd. Class H

Provider
Morningstar
Morningstar

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.

Analysts
Iris Tan

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