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<Research>G Sachs Anticipates CHINA LIFE's 2025 Full-Yr Div. to Surge 23% YoY, Beating Forecast
Recommend 24 Positive 32 Negative 10 |
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Goldman Sachs has published a research report adjusting its future earnings forecasts for CHINA LIFE (02628.HK) based on its 3Q25 results performance. As CHINA LIFE's 3Q25 investment income beat expectations, Goldman Sachs raised its full-year net profit forecast by 69% and its 2025-27 first-year premium forecasts by 7%, in order to reflect the positive performance of its 3Q25 bank insurance sales channel and the management's positive outlook for 2026. Goldman Sachs also elevated its 2025-27 per-share dividend forecasts for CHINA LIFE by 10% given the expanded investment portfolio and stronger premium inflow. Specifically, this year's dividend is expected to grow by 23% YoY, above the previous forecast of a 12% increase. CHINA LIFE's target price was raised from HKD22.5 to HKD24.5, with a Neutral rating kept unchanged. AAStocks Financial News |
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