Results

China Life Insurance Company Limited Announces 2020 Interim Results (H Shares)

HONG KONG, Aug. 26, 2020 /PRNewswire/ — China Life Insurance Company Limited (SSE: 601628, SEHK: 2628, NYSE: LFC) announces the unaudited consolidated results of the Company (China Life Insurance Company Limited and its subsidiaries) for the six months ended 30 June 2020 (the “Reporting Period”) prepared under the International Financial Reporting Standards today.

Business Overview of the First Half of 2020 

2020 is the crucial year when the strategic deployment of China Life Revitalization advanced to a critical stage of breakthrough. In the first half of the year, facing various challenges from the COVID-19 pandemic and economic downturn, the Company pursued the fundamental requirements of high-quality development, adhered to the strategic core of “centering on customers and basic operational units, focusing on business value and individual agent business sector” (“Dual Centers and Dual Focuses”), and concentrated on the operational guideline of “prioritizing business value, strengthening sales force, achieving stable

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American Water Works’ Q2 2020 Results Demonstrate It Has A Strong Business Model Part 2 (NYSE:AWK)

American Water Works Company, Inc (AWK) has been my favorite company to analyze. It is one of the few companies that I have covered that I feel is ran by disciplined and focused executives. Besides this, the company’s guidance usually is correct, and the profit margins are pretty stable. I will present my revenue estimates from my last AWK article and my updated DDM Valuation in this article.

Important Information And Key Assumptions From Original Article

In part one of this series, I mentioned how I was shocked that AWK lost $21 million (after-tax loss of $15 mn or $ 0.09 in EPS) due to the adverse effects of the coronavirus. I expected that the company would lose a couple of million because of the increase in delinquent accounts. Yet, I didn’t take into account that commercial/industrial loss in revenue would outweigh the growth in residential revenue.

Figure 1 –

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