10.20.2008
Corp info: China Life 3q08 results
LFC did not issue 3q08 results yet. But here is what i expect: premium up 57% compare to 3q07 (given), invested asset up 1.3% compare to 4q07, total equity drop 27% compare to 4q07 and 10% compare to 2q08. Book value drop to RMB $5.29. It is almost impossible to determine net income for an insurance company in any time, plus it is irrelevant in the calculation of its value, so i won't bother to do that, however, i think China Life will have no profit or a small loss in 3q08 qtd, 3q08 ytd may earn RMB$15-16B, again, profit is meaningless.
Subscribe to:
Post Comments (Atom)
The information provided in the entire blog is not intended to provide legal, accounting, tax or specific investment advice. The information presented was obtained from sources believed to be reliable; however, I cannot represent that it is accurate or complete. I assume no responsibility for any losses, whether direct, special or consequential, that arise out of the use of this information. This information is subject to change without notice. Stock performance are not guaranteed, their prices change frequently and past performance may not be repeated. Please do your own investigation, or contact your own professional advise, before investing.
No comments:
Post a Comment