Sinolife: China Life Insurance's (02628.HK) profits far exceed expectations, expected to surprise with dividend payouts.

According to the Wisdom Financial News APP, JP Morgan released a research report stating that China Life Insurance (02628.HK) is expected to achieve a 215% to 235% year-on-year increase in mid-term net profit, reaching approximately 128.933 billion to 137.119 billion RMB, close to the bank's and the market's forecast for full-year net profit in 2026. The bank expects the stock price to have a positive reaction in the short term due to the better-than-expected profit, but considering that most of the profit growth comes from investment income, investors are expected to pay more attention to the possibility of a dividend increase. Morgan Stanley maintains its "overweight" rating on China Life Insurance with a target price of HK$40.