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Citigroup published a research report that the value of China Life Insurance's new business is expected to increase 32% year over year in the first half of the year. China Life Insurance made a profit earlier. Net profit for the first half of the year is expected to increase by 215% to 235% year-on-year, mainly due to improved investment income driven by better capital market performance in the next quarter. The bank raised China Life Insurance's earnings forecast for FY2026 by 19% to reflect higher investment return forecasts, and also raised the target price of H shares from HK$36 to HK$36.2, reaffirming the “buy” rating; as for China Life Insurance A shares, the target price was raised from $40.8 to $41.
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Citigroup published a research report that the value of China Life Insurance's new business is expected to increase 32% year over year in the first half of the year. China Life Insurance made a profit earlier. Net profit for the first half of the year is expected to increase by 215% to 235% year-on-year, mainly due to improved investment income driven by better capital market performance in the next quarter. The bank raised China Life Insurance's earnings forecast for FY2026 by 19% to reflect higher investment return forecasts, and also raised the target price of H shares from HK$36 to HK$36.2, reaffirming the “buy” rating; as for China Life Insurance A shares, the target price was raised from $40.8 to $41.
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