- China Life Insurance posted robust 2020 results, growing in all key metrics while achieving further cost-efficiencies.
- The stock trades at a steep discount both in terms of its embedded value and its future earnings potential.
- Despite the risk related to Chinese equities, which investors can partially go around, we believe that China Life has the highest short-term amongst our financial picks.
- The stock is hence our top pick in the Financial sector for the remainder of 2021.
For further details see:
China Life Insurance: Our Top Financial Pick For The Rest Of 2021