Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-04-02
China Life Insurance (601628 market, information, reviews, search) in 2006 the total premium income increased 14.2% year on year has been significantly higher than in 2005 to 7.31%, but not particularly outstanding achievement. In fact, the company's premium income from the high growth in November 2005 until 2006 until the first half, the company market share and therefore raised to 49.4% surprise. However, since the second half 2006 premium income growth, sluggish and even appeared in December fell 1% of the situation, the annual market share has gradually declined to about 46%, and in previous years, very.
First-year slowdown in the second half of the company in 2005 due to the low base after the first high, and second, because of the company in some of the fast-growing high-end market (eg, Shanghai) the competitive position declined. On the whole, or can be confident about the prospects of the industry. While the industry growth rate in 2006 is expected to be slightly less than 15%, but I believe the industry is moving from a view toward consolidation period of rapid development. In contrast, the market is more concerned about whether the company can defend its high market share. 06 in the second half of the decline in the company take the initiative to adjust the product mix related to not be too worried, but you must pay close attention to possible risks in this regard.
Orient Securities analyst Wang Xiaogang that increase the proportion of insurance funds in the stock market is expected to range among the programs, once released, will bring to market more than 900 million incremental funding. This shows that: the regulators continue to broaden the use of channels for insurance funds; companies to actively invest in stocks, their overall proportion of equity funds and may have more than previously expected 12%. 06-07 years, the company expects earnings per share was 0.68 and 0.92 yuan, 50.75 yuan target price, the proposed "overweight."
