HSI1 25,733.42 -362.46 74.37B
HSCEI1 8,660.29 -114.10 21.96B
Back    Zoom +    Zoom - Block Traded
CMBI Lifts CHINA LIFE (02628.HK) TP to HKD34; Strong 1Q26 NBV
2026-05-05 11:37:56
CMBI issued a research report on CHINA LIFE (02628.HK), which delivered mixed results in 1Q26. Net profit shed 32.3% YoY to RMB19.5 billion, below the broker's forecast of RMB20.4 billion, owing to fair value losses from TPL equities amid equity market turbulence.

However, NBV proliferated 75.5% YoY, way beyond market and the broker's expectations, reflecting significant progress in shifting toward longer-duration and regular-paid products.

The Buy rating was maintained, with the TP added from HKD33 to HKD34 to reflect the stronger CNY/HKD exchange rate.
~

AASTOCKS Financial News
Website: www.aastocks.com