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<Research>HSBC Global Research Rates CHINA LIFE (02628.HK) at Hold on Strong NP Growth
Recommend 7 Positive 11 Negative 5 |
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HSBC Global Research's report wrote that CHINA LIFE (02628.HK) posted a 4.8% YoY growth in NBV on a like-for-like basis in 1Q25, while FYP slid 4.5%, and the number of agents dropped 3.1% compared to the full year of 2024. The broker noted that China Life delivered strong net profit growth, on the back of a steep cut in insurance service expenses. HSBC Global Research maintained a target price of HKD14 for CHINA LIFE H-shares and a Hold rating. AAStocks Financial News |
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