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Article: $60 Target on China Life Insurance - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- January 10, 2007
- Author:
CopyrightCopyright 2008 Zacks Investment Research. (Hide copyright information)
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$60 Target on China Life Insurance - Analyst Blog
It is clear that
China Life
(
LFC
) is the market leader in China's life insurance industry, where opportunities are significant. The company continues to cultivate a solid client base, employ a unique multi-channel distribution and service network, improve its operational and management procedures, and benefit from the favorable life insurance operating environment.
Although China Life still has to face growing competition and has not successfully completed its conversion to higher-margin products, its current valuation does not fully reflect its growth prospects, in our view. Therefore, we maintain our Buy recommendation on ...