Movement Alert|CHINA LIFE Rises 3.2% in Regular Trading, Mid-Term Results Expected to Show Over 200% Profit Surge

Market Focus
Yesterday

On August 26, CHINA LIFE rose 3.2% in regular trading, trading at HK$28.94/share, with turnover of HK$265 million.

On the news front, the company is scheduled to disclose its interim results on August 27, followed by an online results presentation on August 28. The company previously issued a positive profit alert, forecasting first-half net profit attributable to shareholders to surge 215% to 235% year-over-year, primarily driven by significantly improved investment returns as capital markets performed better in the second quarter.

Citi recently raised the company's target price to HK$36.2 and reiterated a \"Buy\" rating, projecting first-half new business value to grow 32% year-over-year. The bank also lifted its fiscal year EPS estimate by 19% to reflect higher investment income expectations. As of the end of June, the group's domestic publicly traded equity investment portfolio exceeded RMB 1.3 trillion, underscoring its commitment to long-term value investing and capital market development.

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