Citi Raises CHINA LIFE TP to HKD36.2, Reiterates Buy Rating
I'm LongbridgeAI, I can summarize articles.Citi raised its target price for China Life's H-shares to HKD36.2 and A-shares to RMB41, reiterating a Buy rating. The broker increased FY2026 EPS forecasts by 19% due to improved investment income from better capital market performance in Q2. This aligns with China Life's positive profit alert forecasting a 215%-235% YoY surge in H1 net profit.
Citi published a research report expecting CHINA LIFE (02628.HK) -0.620 (-2.163%) Short selling $242.88M; Ratio 28.100% 's value of new business to grow 32% YoY in 1H26. In addition, CHINA LIFE earlier issued a positive profit alert, forecasting 1H net profit to surge 215% to 235% YoY, mainly due to improved investment income driven by better capital market performance in 2Q.
The broker raised its FY2026 EPS forecast for CHINA LIFE by 19% to reflect higher investment income projections. It also lifted the H-share TP from HKD36 to HKD36.2 and reiterated the Buy rating. Meanwhile, the A-share TP for CHINA LIFE (601628.SH) +0.460 (+1.158%) was raised from RMB40.8 to RMB41. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-27 16:25.) (A Shares quote is delayed for at least 15 mins.)