China Life INS. H +++Die Wachstumsstory+++

Gute Idee. Hauptsache der Thread wird begleitet von Kurssteigerungen. Im Moment sieht es (zugegebenermaßen auf hohem Niveau) ja eher mau aus verglichen mit der Entwicklung im Hang Seng

Equities underpin earnings for insurer giant China Life

Stephanie Tong

Tuesday, October 30, 2007

Dominant life insurer China Life Insurance (2628) yesterday reported nine- month net profit of 24.7 billion yuan (HK$25.6 billion), underpinned by the robust performance of world equity markets. Earnings per share for the nine months ended September were 87 fen.

As at September 30, investment assets of the Beijing-based insurer were 878 million yuan with an investment yield of 8.63 percent, according to a filing to the Hong Kong stock exchange. No year-earlier numbers were provided.

When the insurer reported first-half results in August, it said net profit, also supported by equity gains, accelerated 159.75 percent to 23.29 billion yuan. Analysts were surprised and said the growth was about "spectacular investment gains, but not business growth."

Sun Hung Kai Financial strategist Castor Pang Wai-sun said it would be premature to say if investing more of its assets in equities would be a greater risk. "We have to compare the performance of the company in a bull run and a bear market. We have yet to face the bears. We just have to wait and see," Pang said.

China Life's H shares have risen 83 percent so far this year and its A-shares in the Shanghai stock market have surged more than 290 percent since they were listed in January this year.

With the surge yesterday, the insurer's market value surpassed that of leading US phone company AT&T, making the fifth mainland enterprise to secure a spot among the world's 10 largest companies.

Based on yesterday's closing price of its H share, the insurer had a market value of HK$386.9 billion, according to Reuters data.

And based on the closing in Shanghai, the insurer had a market capitalization of US$259.1 billion (HK$2.02 trillion), according to Bloomberg, compared with AT&T's US$255.6 billion.

H shares of China Life yesterday closed at HK$52, up 1.07 percent, while its A shares surged 6.72 percent to end at 75.08 yuan in Shanghai.

Antwort auf Beitrag Nr.: 32.211.547 von streichelzoo am 30.10.07 23:12:18http://www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_i…

die Rakete ist gezündet

Hi;
@Blueman6..
Richtung????
*gg*
distel

Antwort auf Beitrag Nr.: 32.198.624 von streichelzoo am 30.10.07 09:12:30Das ist eine gute Idee,
denn der andere China Life-Thread ist ja eine einzige Zumutung.

China Life Insurance considers stake in Beijing Energy Investment - report
Wednesday, November 07, 2007; Posted: 08:22 PM

BEIJING, Nov 08, 2007

China Life Insurance Co Ltd (SHA 601628; HK 2628) is considering purchasing a stake in Beijing Energy Investment Holding Co Ltd, parent of Beijing Jingneng Thermal Power Co Ltd (SHA 600578), the official Caijing Magazine reported, citing sources close to the matter.

The report said the parties remain in talks, but China Life has already informed the China Insurance Regulatory Commission of its interest.

The deal is also subject to approval from the Beijing State-owned Assets Supervision and Administration Commission, as well as special authorization from the State Council, the report said.

Beijing Energy, the third-largest shareholder of Datang International Power Generation Co Ltd (SHA 601991; HK 0991) and Bank of Beijing Co Ltd (SHA 601169), had assets of 41.98 bln yuan at the end of 2006, with a net profit of 1.45 bln yuan.

(1 usd = 7.47 yuan)

Die Zeit ist gekommen um nach zukaufen,
oder wieder einzusteigen.
Bei 3,50 ist wieder Norden angesagt
aber die Rakete könnte schon jetzt gezündettttt werden.
Also sagt nicht später Ich hätte euch nicht gewarnnt