Morgan Stanley: Maintains "Overweight" rating on China Life Insurance (02628.HK) and HK$38.8 target price; first nine months new business value growth leads peers

Zhitong Finance APP has learned that Morgan Stanley issued a research report stating that it maintains an "Overweight" rating and a target price of HK$38.8 for China Life Insurance (02628.HK) H-shares. The company's third-quarter results were broadly in line with the bank's and market expectations, with new business value continuing to outperform peers, and management expects further growth in new business value in 2027.