|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||23.250 - 23.600|
|52-week range||18.460 - 26.200|
|PE ratio (TTM)||31.97|
|Dividend & yield||0.04 (1.16%)|
|1y target est||29.75|
China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. Beijing would likely lean on cash-rich SOEs like China Life Insurance and Citic Group Corporation to bail out the largest of the struggling companies, the people said. A limited role for private capital would raise questions about the depth of any overhaul of the SOEs.
Baidu (BIDU) and China Life Insurance Group have created a $1.0 billion (or 7.0 billion yuan) investment fund called the Baidu Fund Partnership.
The Zacks Analyst Blog Highlights: Comcast, Thermo Fisher, China Life Insurance, Deere and American Airlines