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<Research>CICC Hikes CHINA LIFE (02628.HK) TP to $24.33; Interim Profit In Line
Recommend 15 Positive 12 Negative 9 |
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CHINA LIFE (02628.HK)'s interim results were broadly in line, with net profit hiking by 6.9% YoY, corresponding to a 31.2% YoY drop in 2Q25, slightly better than expected; and profit after tax sinking 11.5% YoY, meeting expectations, CICC said in a research report. CICC maintained its earnings forecast for China Life for 2025 and 2026, continuing to give an Outperform rating. Considering that improved liquidity in the Hong Kong stock market will help narrow the company's discount, the target price for H-shares was uplifted by 24.1% to HKD24.33. AASTOCKS Financial News Website: www.aastocks.com |
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