Time to Buy China Life Insurance: Surging Revenues, Solid Dividend, Low Stock Price
While the recent turmoil in many emerging markets had been detrimental to stocks the world over, it has also created a great long-term buying opportunity as well. Nowhere is this more the case than in the dynamic Chinese market. Chinese stocks have been slumping as of late thanks to fears earlier in the year over a rate hike and a subsequent cooling down period for the economy. Yet, just when most Chinese companies appeared to have shaken this negativity, the crisis in the Middle East began, once again sending demand for equities plummeting. While obviously a negative in the short-term, investors with capital ready to be deployed are left with a multitude of choices in the market. One particularly attractive firm is China Life Insurance available via ADR under the ticker LFC. The company has posted truly impressive growth rates as of late; revenues have surged from just over 166... Read more
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