<div id="readability-page-1"><div>NCI (01336.HK) +1.400 (+2.767%) Short selling $76.72M; Ratio 13.230% closed at HKD52 at midday today (30th), up 2.77%, with turnover of 10.9971 million shares, involving HKD580 million.BofAS issued a research report stating that NCI's net profit for 1Q26 was RMB6.5 billion, up 11% YoY, marking the strongest growth in the industry, while peer CHINA LIFE (02628.HK) +1.340 (+4.891%) Short selling $418.80M; Ratio 23.172% recorded a 32% YoY decline. However, the broker noted that the strong results should factor in one-off gains. NCI reported a total investment yield of only 2.1% in 1Q26, lower than CHINA LIFE's 2.2%, while fair value losses surged to RMB20.9 billion. Meanwhile, realized gains rose from RMB9.8 billion to RMB22.1 billion, including RMB7.8 billion of recognized gains from financial assets measured at amortized cost, which can be regarded as one-off gains. BofAS maintained its earnings forecasts and TP for NCI and reiterated its Underperform rating on its H shares, with a TP of HKD39.M Stanley said in a report that NCI's net profit for 1Q26 rose 10.5% YoY to RMB6.5 billion, while pre-tax profit increased 12.7%, beating market expectations and implying an annualized ROE of 22%, leading peers. The report noted that earnings growth was mainly driven by a 31.5% increase in insurance service results, likely due to lower expenses and claims, while investment performance declined 39.3% YoY. The broker estimated that the new business value margin improved 2.6 ppts YoY in 1Q26, supporting a healthy 25% growth in new business value. M Stanley assigned an Underweight rating to NCI with a TP of HKD43.UBS said NCI's net profit for 1Q26 rose 11% YoY to RMB6.5 billion. Considering the weak equity market performance in 1Q26, as well as the company's relatively high investment leverage and FVTPL equity exposure, the results likely beat market expectations. During the period, new business value increased 25% YoY, within the 9.6% to 76% range among peers. UBS added that NCI's core and comprehensive solvency ratios fell 4.6 ppts and 6.1 ppts QoQ to 131% and 204%, respectively. The broker maintained its Neutral rating on NCI with a TP of HKD48.5. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 12:25.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

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NCIshares rose 2.8% at midday, closing at HKD52. BofAS reported a net profit of RMB6.5 billion for 1Q26, up 11% YoY, but noted one-off gains. NCI's investment yield was 2.1%, lower than CHINA LIFE's 2.2%. M Stanley and UBS also reported positive earnings, with M Stanley assigning an Underweight rating and a TP of HKD43, while UBS maintained a Neutral rating with a TP of HKD48.5. Overall, NCI's performance exceeded market expectations despite challenges in the equity market.

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NCI  Up 2.8% at Midday; Brokers Say 1Q26 Earnings Beat Expectations