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<Research>Nomura Lifts CHINA LIFE (02628.HK) TP to $14.98, Raises Earnings Forecasts
Taking into account the adoption of the new accounting standards, Nomura correspondingly raised CHINA LIFE (02628.HK)'s 2024/ 2025 IFRS net profit forecasts by 8%/ 1%, and net ...
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<Research>Nomura Lifts CHINA LIFE (02628.HK) TP to $14.98, Raises Earnings Forecasts
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Taking into account the adoption of the new accounting standards, Nomura correspondingly raised CHINA LIFE (02628.HK)  +0.620 (+5.008%)    Short selling $240.87M; Ratio 17.811%   's 2024/ 2025 IFRS net profit forecasts by 8%/ 1%, and net asset forecasts by 1% each, Nomura released a research report saying.

DPS forecasts are also elevated accordingly. Nomura said that after implementing the new accounting standards for insurance contracts and financial instruments in 1Q24, CHINA LIFE aligned with the IFRS. Therefore, Nomura lifted its target price from $14.76 to $14.98, with rating at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)

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