China Life's Feb 09 MTD & YTD premium up 5.3% & 12.6% compare to prior year.LFC will announce its 2008 results on Mar 25, 09. According to its earning alert announcement on Jan 09, LFC's profit may fall more than 50% compare to 07.
I will update my analysis on LFC after Mar 25. For now, I will keep LFC's fair value at HK$34.95.
With regarding to Feb's premium, China life insurance sales are highly seasonal compare to other countries. Trend analysis can only be done after Mar & Apr premiums come out.
3.17.2009
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