China Life Insurance Co Ltd $ 11.59 -0.11 (-0.94%)
LFC News and Headlines - China Life Insurance Co Ltd
When screening for value investment ideas, I like to consider the spot rate on 20-year high-quality market corporate bonds as a benchmark. To do so, I search for stocks that are doubling the bonds in terms of higher yield.
The bonds are securities representing the corporate loan issued by companies that are triple-A, double-A and single-A rated. The monthly observation on the spot rate on the 20-year bonds is indicating a yield of 4.43% as of August.
Therefore, the list is composed of stocks that have an earnings yield of no less than 8.86% based on the market value at
China Life Insurance Co. Ltd. (LFC) is trading slightly above its 52-week low of $10.52. The share price at market close on Monday, Sept. 10 was $10.64, nearly 70% below its 52-week high of $17.85.
The stock was down 0.42% to $10.6 in early trading on Tuesday.
The stock price is below the 200-, 100- and 50-day simple moving average lines. The market capitalization of the Chinese life insurance company is $80.63 billion on the New York Stock Exchange.
The stock has a price-book ratio of 1.87 versus an industry median of 10.18, a price-earnings ratio
For the quarter ending March 31, 2018, the [url=http://www.gurufocus.com/StockBuy.php?GuruName=Matthews+China+Fund]Matthews China Fund[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Matthews+China+Fund]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Matthews+China+Fund]Portfolio[/url]) returned 6.17% (Investor Class), outperforming its benchmark, the MSCI China Index, which returned 1.82%.
The first quarter of 2018 experienced volatile returns and China's equity markets shared many of the woes of the broader global markets. Market sentiment was negative starting at the end of January as global markets attempted to assess the financial impact of rising interest rates and potential trade conflicts between China and the U.S. Concerns grew over Chinese President Xi Jinping's decision to remove traditional presidential term limits. Many worry
GDS Holdings Ltd. (GDS)
In the second quarter, the guru increased his stake by 2.98% and added another 66.41% in the third quarter. He holds 1.54% of the company’s outstanding shares. The Chinese data center operator has a market cap of $1.99 billion and an enterprise value of $2.72 billion.
According to GuruFocus' All-in-One Screener, the following are companies with market caps above $5 billion that are trading with low P/S ratios.
Caterpillar Inc. (CAT) is trading at about $72 with a P/S ratio of 1.01 and an estimated P/E multiple of 34.66. The company has a market cap of $42.29 billion; over the last 10 years, the stock has dropped by 7%. During the last 52 weeks, the price has been as high as $89.62 and as low as $56.36.
The company is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas
Sometimes bad things happen to good stocks.
In an effort to find bounce-back candidates, I compile a quarterly Casualty List of stocks that I think have been unduly punished by the marketplace.
The one you’re about to read is the 51st Casualty List. (I began this series in July 2000.) On average, these lists have gained a little more than 19% per year, compared with a little less than 9% for the Standard & Poor’s 500 Index. Those figures are total returns, including dividends, for the 47 columns on which one-year results can be calculated.
Approximately one-third of the companies in the Matthews China Fund (Trades, Portfolio)’s portfolio are in financial services, and that preference was clear in the Fund’s new buys in the third quarter.
The Fund bought 20 new stakes, the most noteworthy being an investment in 7,941,000 shares of China Life Insurance Co. Ltd. (HKSE:02628) for an average price of HK$28.4 (about $3.33 in U.S. currency) per share. The purchase had a 3.87% impact on the Fund’s portfolio.
China Life Insurance, a Beijing-based financial services company, has a market cap of $792.82 billion and an enterprise
According to GuruFocus list of 52-week highs, Alliance Data Systems Corp, Chunghwa Telecom Co Ltd, Agilent Technologies Inc, Kyocera Corp, and China Life Insurance Co Ltd have all reached their 52-week highs.
Alliance Data Systems Corp (ADS) Reached the 52-Week High of $300.82
Alliance Data Systems Corp is a provider of data-driven and transaction-based marketing and customer loyalty solutions. The company has a market cap of $18.89 billion; its shares were traded at around $300.82 with a P/E ratio of 36.90 and P/S ratio of 3.54. Alliance Data Systems Corp had an annual average earnings growth of 21.60%
China Life Insurance (
In the fourth quarter, we exited China Life Insurance (HKSE:02628), which has been highly correlated with the A-share market due to its investment exposure in the market. However, its core business in the life insurance sector has lagged behind that of another of our portfolio holdings, Ping An Insurance (HKSE:02318). Given our new capability to invest directly in the A-share market as qualified institutional investors, we exited the position in order to focus on the life insurance industry
For the year ending December 31, 2014, the [url=http://www.gurufocus.com/StockBuy.php?GuruName=Matthews+China+Fund]Matthews China Fund[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Matthews+China+Fund]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Matthews+China+Fund]Portfolio[/url]) fell -4.42% (Investor Class) while its benchmark, the MSCI China Index, returned 8.26%. For the fourth quarter of the year, the Fund returned 2.11% (Investor Class) versus 7.17% for the Index.
The year 2014 was a challenging one for the Chinese economy. The country has continued efforts to rebalance its economy, shifting toward further development of its domestic consumption and services, and away from a reliance on more traditional exports, infrastructure and fixed asset investments. Meanwhile, top line growth rates have slowed amid this
Manulife Financial Corporation (MFC) is the largest Canadian life insurer by market capitalization, offering asset management, wealth management and financial services to customers in Asia, Canada and the U.S. However, the company’s annuity and segregated fund business has suffered over the past two years, due to the low interest rate environment, leading to a decline in earnings and operating results. Nonetheless, the firm has been undergoing some changes throughout 2013 and management expects profitability to increase for fiscal 2014, despite its underperformance during fourth quarter fiscal 2013. Thus, many investment gurus like George Soros (Trades, Portfolio) and
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