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Cost Reductions, Revenue Boost Help UBS Top Third-quarter Expectations
UBS Group: Recommends 'buy' rating for China Life Insurance with a target price of HK$19.
UBS Group released a research report stating that it has a 'buy' rating on China Life Insurance (02628) with a target price of 19 Hong Kong dollars. China Life Insurance's new business value in the first three quarters, restated, increased by 25% year-on-year, meeting the bank's expectations; net income increased by 1.74 times year-on-year to 15 billion yuan, exceeding Profit optimism's forecast growth range of 1.65 times to 1.85 times, and above the market's full-year forecast of 80 billion yuan. In addition, in the third quarter, China Life's net income increased by 18 times, with strong performance as quarterly net assets rose by 15%. The bank predicts that China Life's sales in the fourth quarter will weaken as customer demand in August and September declines.
Microsoft executives interpret Q1 financial report: very satisfied with participation in OpenAI development, will continue to develop the relationship.
microsoft's financial report for the first quarter of the 2025 fiscal year: revenue was $65.585 billion, a year-on-year increase of 16%, also a year-on-year increase of 16% excluding the impact of exchange rate fluctuations; net income was $24.667 billion, a year-on-year increase of 11%, also a year-on-year increase of 10% excluding the impact of exchange rate fluctuations; diluted earnings per share were $3.30, a year-on-year increase of 10%, also a year-on-year increase of 10% excluding the impact of exchange rate fluctuations (note: microsoft's fiscal year is not synchronized with the calendar year). After the financial report was released, microsoft CEO Satya Nadella and CFO
UBS Eyes U.S. Wealth Deal. But Don't Hold Your Breath.
Swiss Stocks Remain in Red; UBS Group Tumbles
UBS Group Q3 Earnings & Revenues Increase Y/Y, Expenses Decline
