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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  China Life Insurance Company Limited    601628   CNE000001Q93

CHINA LIFE INSURANCE COMPANY LIMITED

(601628)
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China shares weaken as investors shed high-value healthcare, tech stocks

08/19/2020 | 12:39am EST

* SSEC -0.3%, CSI300 -0.54%

* Hong Kong markets, stock connect morning trade cancelled due to typhoon

* Regional markets track the S&P that hits record highs

BEIJING/SHANGHAI, Aug 19 (Reuters) - China shares slid on Wednesday after three consecutive sessions of gains, as investors took profits in healthcare and technology stocks with hefty valuations.

** At the midday break, the Shanghai Composite index was down 0.3% at 3,440.71 points. ** China's blue-chip CSI300 index was down 0.54%, with its financial sector sub-index lower by 0.62%, the consumer staples sector was up 0.53%, the real estate index down 1.05% and the healthcare sub-index down 2.51%. ** The smaller Shenzhen index was down 0.86%, the start-up board ChiNext Composite index was weaker by 2.22% and Shanghai's tech-focused STAR50 index was down 1%.

** Morning trading on Hong Kong's securities market, including Stock Connect trading and derivatives, was cancelled on Wednesday due to a typhoon affecting the city, bourse operator Hong Kong Exchanges and Clearing Ltd (HKEX) 0388.HK said.

** "We can see investors are shifting to value stocks with lower valuations while some tech and health care stocks are being sold on concerns over lofty valuations," said Fu Yanping, analyst with China Galaxy Securities.

** Start-up board led the declines today, as investors are awaiting the market reaction as new listings will soon debut under a new IPO system which will see stocks rising or falling by 20% in a session, Fu added.

** White House Chief of Staff Mark Meadows said no new high-level talks, related to the trade agreement, have been scheduled between the United States and China

** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.42% while Japan's Nikkei index was up 0.36%. ** The yuan was quoted at 6.921 per U.S. dollar, 0.02% firmer than the previous close of 6.9222.

** Shares in satellite manufacturer China Spacesat Co Ltd surged as much as 10% to their highest in nearly five years on robust northbound inflows in morning trading.

** China Life Insurance Co Ltd dropped as much as 6.6% after dismissing rumors regarding merger of the company with other insurers. (Reporting by Zhang Yan in Beijing, Luoyan Liu and Andrew Galbraith in Shanghai; Editing by Shailesh Kuber)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA GALAXY SECURITIES CO., LTD. -3.53% 5.2 End-of-day quote.7.00%
CHINA LIFE INSURANCE CO., LTD. 0.22% 22.55 End-of-day quote.1.58%
CHINA LIFE INSURANCE COMPANY LIMITED -4.40% 17.4 End-of-day quote.1.75%
CHINA LIFE INSURANCE COMPANY LIMITED -3.97% 38.02 End-of-day quote.-0.96%
CHINA SPACESAT CO.,LTD. 0.82% 37.9 End-of-day quote.17.78%
MSCI AC ASIA EX JAPAN (STRD, UHD) -0.85% 921.397 Real-time Quote.10.24%
NIKKEI 225 -0.44% 28631.45 Real-time Quote.4.33%
S&P/CITIC 300 INDEX 0.00% 4938.31 Delayed Quote.7.51%
S&P/CITIC 50 INDEX 0.00% 4933.29 Delayed Quote.5.77%
SHENZHEN STOCK EXCHANGE A SHARE INDEX 0.28% 2570.5079 Real-time Quote.5.45%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4845 Delayed Quote.-0.49%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.481 Delayed Quote.-0.97%
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Financials
Sales 2020 797 B 123 B 123 B
Net income 2020 52 583 M 8 113 M 8 113 M
Net cash 2020 784 B 121 B 121 B
P/E ratio 2020 7,91x
Yield 2020 4,70%
Capitalization 900 B 139 B 139 B
EV / Sales 2020 0,15x
EV / Sales 2021 0,01x
Nbr of Employees 103 826
Free-Float 31,1%
Chart CHINA LIFE INSURANCE COMPANY LIMITED
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China Life Insurance Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA LIFE INSURANCE COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 20,32 CNY
Last Close Price 14,55 CNY
Spread / Highest target 118%
Spread / Average Target 39,6%
Spread / Lowest Target 8,87%
EPS Revisions
Managers and Directors
NameTitle
Heng Xuan Su President, CEO & Executive Director
Yuzeng Jia Chairman-Supervisory Board
Bin Wang Chairman
Xiumei Huang Vice President-Finance
Ming Guang Li Executive Director, Chief Actuary & VP