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<Research>UBS Rates CHINA LIFE as Buy; 1Q New Biz Value Surges 76%, Far Above Forecasts
According to a UBS research report, CHINA LIFE (02628.HK) posted a 1Q26 net profit after tax of RMB20 billion, down 32% YoY, mainly due to weak equity market performance in 1Q26 an...
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<Research>UBS Rates CHINA LIFE as Buy; 1Q New Biz Value Surges 76%, Far Above Forecasts
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According to a UBS research report, CHINA LIFE (02628.HK)  -0.620 (-2.027%)    Short selling $352.42M; Ratio 22.781%   posted a 1Q26 net profit after tax of RMB20 billion, down 32% YoY, mainly due to weak equity market performance in 1Q26 and the company's relatively higher investment leverage. Despite its significance, this decline was broadly in line with market expectations.

On the bright side, CHINA LIFE's new business value surged by 76% YoY, far exceeding peers and investor expectations. UBS maintained a Buy rating on CHINA LIFE, with a target price of HKD40.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)

Related News Daiwa: 2026 Mainland Corporate Earnings Recovery May Accelerate but Not Broad-Based

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