She likes the Chinese insurance sector. Penetration levels are very, very low. The bond yield in China is starting to pick up, and that usually helps the lifecos. This is the largest company in China. They have gone through a rough time over the last 12-18 months, so it is trading at a very big discount to its peers. It will benefit from higher interest rates. She prefers Ping An and AIA (AAGIY-PK), as larger and more diversified plays.
She is very cautious about the banks because of balance sheet concerns, but really likes the life insurance sector. Very low penetration of products through all of China. This one is well positioned and trading at a relatively low valuation. (See Top Picks.)
China Life Insurance is a American stock, trading under the symbol LFC-N on the New York Stock Exchange (LFC). It is usually referred to as NYSE:LFC or LFC-N
In the last year, there was no coverage of China Life Insurance published on Stockchase.
China Life Insurance was recommended as a Top Pick by on . Read the latest stock experts ratings for China Life Insurance.
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In the last year, there was no coverage of China Life Insurance published on Stockchase.
On 2022-09-01, China Life Insurance (LFC-N) stock closed at a price of $7.07.