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<Research>Citi Estimates CHINA LIFE (02628.HK) 3Q NP to Grow 75-106% YoY
Recommend 31 Positive 46 Negative 22 |
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CHINA LIFE (02628.HK) issued a profit alert forecasting 1-3Q25 net profit to increase by 50-70% YoY to RMB156.8-177.7 billion, representing a significant growth acceleration from that in 1H25, according to a research report issued by Citi Research. For 3Q25 alone, Citi Research estimated that net profit will grow by 75-106% YoY to RMB115.9-136.8 billion, despite a very high base in the same period last year. This is mainly due to a significant YoY incline in investment returns, higher equity investment allocation, optimized asset allocation structure and proactive investment in new quality productive force-related fields. Therefore, the broker now rated CHINA LIFE at Buy, with a target price of $27.7. AASTOCKS Financial News Website: www.aastocks.com |
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