China Life Insurance Company Ltd. (ADR) (NYSE:LFC)
CAPS Rating:
The Company provides annuity products and group life insurance policies to individuals and groups. The company also offers products and services, such as individual and group life insurance, accident and health insurance policies.
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Sell Life Insurance to China, why not and make a tidy profit in the process. This stock is too high right now but catch it on the down swing and I think there is money to be made here. People they have more than a few and they seem to be buying Life Insurance in large numbers. I say wait for a down turn and jump on board before this one leaves the station. As more and more of them get into business the sky is the limit for this stock.
I would not wait for the downturn. There may not be that huge drop. The middle class is growing by leaps and bounds in China. They want insurance, annuities and investment vehicles. Remeber many investors became wealthy in this country buying insurance companies.
I may say a significative fact according to Brandweek: in about five years, China's middle class will outnumber the population of the entire United States!
Down turn will be in spring. Watch the Hang Seng index. Bear starts when it hits 19,500 to 19,700. This stock follows the index. bears last around 3 months.