near 15Y-low.. A case study of either long-term decline or undervaluation. Gary pointed out a common feature among some Chinese stocks — slow decline from the 2007 peak. I guess it’s rare to find a well-known China stock bucking the trend of long-term decline.
- 12M down
- https://finance.yahoo.com/news/china-life-lfc-great-value-165004399.html
- 2 analysts all positive (ignore the rbh rating)… tgt Apr $26 ! …. but the stock fell steadily 🙁
- 🙂 listed on NYSE, not pink sheet.. Higher liquidity
- probably the biggest insurer in China
- P/E = 8, kinda undervalued
- div maintained through 2020. CDY 4% lower than other China financials. https://www.nasdaq.com/market-activity/stocks/lfc/dividend-history
- divD because of lower CDY than banks + long-term decline.