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Is it a challenge to lower the benchmark interest rate and promote the integration of banking and insurance? China Life Insurance, which has a premium of 400 billion, has recently spoken up.
The decrease in the reserved interest rate and the deepening of the integration of report and bank in the individual insurance channel are challenges and opportunities for the life insurance market. In the first half of the year, China Life Insurance exceeded 600 billion in equity product allocation. The current A-share market already has long-term allocation value, and the allocation strategy will increase the allocation of high-dividend stocks and actively buy high-quality stocks with cost-effectiveness.
New China Life Insurance's H1 Profit Jumps 11%; Hong Kong Shares Rise 7%
China Life Insurance Company Limited (CILJF) Q2 2024 Earnings Conference Call Transcript Summary
China Life Insurance (HKG:2628) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Increases 4.9% This Past Week
Bank of America Securities: Maintains a 'buy' rating for China Life Insurance, raises the target price to HKD 15.1.
Bank of America Securities raised its profit growth forecast for China Life Insurance (02628) to 24% -79% for the next two years.
Hong Kong Stock Market: New China Life Insurance (01336) rose more than 9%, leading the mainland insurance companies. The prosperity of the life insurance liability side in the third quarter may continue to improve.
Mainland insurance companies continue to rise in the near term. New China Life Insurance (01336) rose 9.9%, closing at HK$17.32; China Pacific Insurance (02601) rose 4.73%, closing at HK$20.15; China Life Insurance (02628) rose 4.64%, closing at HK$11.72; Ping An Insurance (02318) rose 3.05%, closing at HK$37.15.
524773 : the earnings (if they are true. I have no reason to suspect they are not , but they all look like too good to be true) suggest that we should ride on this boat for as long as it remains undervalued and see how far the boat can bring us.
I am putting in my goods into the boat and will continue to do so if the boat still not sail too far.
with luck this sector could well be a easy put money take money kind of play (or lose big time) if we got some patience.
I am in.
Momentum Trader OP 524773 : Nice, trade with the chart signal. Financials are secondary importance but chart comes first 🫡
practical NyanCat_76 : Is the results of HK 2628 good Bro? Read, suppose to be out today
524773 Momentum Trader OP : financials are fantastic if they are true. chart wsie. many of them showed a big double bottom followed by a big rally and then a correction then a consolidation phase. the current phase seems to be a move up after exiting consolidation![thinking_face 🤔](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f914.png)
Momentum Trader OP 524773 : So far strong up signal for the sector![crossed_fingers 🤞](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f91e.png)
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