Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02628 CHINA LIFE
RTNominal up19.080 +0.440 (+2.361%)
Others

07/05/2020 11:03

Mizuho Securities starts China Life (02628) at HK$16.3

[ET Net News Agency, 7 May 2020] Mizuho Securities initiated coverage on China Life
Insurance (02628) with a "neutral" rating and a target price of HK$16.3.
The research house said China Life is a key beneficiary of the long-term growth
opportunities in China's life insurance business, on the back of China's consistent
economic growth, rising household income, favorable demographics, and low insurance
penetration.
However, an economic slowdown post the COVID-19 outbreak is likely to cause unemployment
and uncertainties about household income growth. Mizuho expects that investors to be more
conservative in buying life insurance products which are usually associated with long-term
commitments.
Mizuho therefore is conservative on China Life's premium growth in the near term and
expects 2020 NPAT to drop by 31%, given a high base in 2019 driven by particularly strong
investment income. (KL)

Remark: Real time quote last updated: 23/10/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.