[Brokerage Focus] Bocom Intl raises target prices for multiple insurance stocks

Golden Horse Financial News | Bocom Intl raises target prices for multiple insurance stocks. China Life Insurance (02628) investment income and profitability demonstrate relatively high elasticity. The bank has raised profit forecasts, expecting a 1.78 times year-on-year profit growth in 2024. Based on a 0.7 times 2025 P/B ratio, the bank has raised the company's target price from HK$14 to HK$19, maintaining a buy rating. China Pacific Insurance (02601) has rich experience in selling dividend insurance products and has made good progress in transitioning to dividend insurance products. The bank has raised profit forecasts, expecting a 69% year-on-year profit growth for the company in 2024, based on 20

Jinwu Financial News21:07 ET

UBS Group: China Life Insurance (02628) rated as "buy", with a target price of HK$19.

UBS Group expects China Life Insurance's new business value to grow by 17% this year.

Zhitong FinanceOct 31 03:52 ET

[Brokerage Focus] JPMorgan maintains a "shareholding" rating on China Life Insurance (02628), citing its strong pure profit in the first three quarters.

JPMorgan's research report pointed out that China Life Insurance (02628) has a strong pure profit in the first three quarters, even higher than the market's expectations for the full-year pure profit. Besides the anticipation of a potential dividend increase, it is evident that the company's life insurance sales quality, brokerage channels, new business value, and solvency are the fundamental highlights for holding the stock. However, the current challenge for mainland insurance companies is the less clear outlook for Contractual Service Margins (CSM), which limits the profit and dividend growth prospects for mainland insurance companies. However, the bank estimates that if the industry can increase the new life insurance sales by an additional 30% by 2025, China Life Insurance may be the only member in the industry capable of recording net CSM growth, thereby promoting

Jingu Finance NewsOct 31 03:18 ET

gtja: The marginal decline in life insurance growth rate in September, while property insurance continues to slow down.

Insurance industry premium income from January to September reached 4794.5 billion yuan, with a comparable caliber year-on-year increase of 7.2% (previous value was 7.5%).

Zhitong FinanceOct 31 02:18 ET

China Life InsuranceOists 1767% Higher Q3 Profit

MT NewswiresOct 31 02:17 ET

China Life Insurance Names Chairman

MT NewswiresOct 31 00:27 ET