JPMorgan: Maintains "Overweight" rating on China Life Insurance (02628.HK), expects market will not be surprised by last quarter's loss

Zhitong Finance APP has learned that JPMorgan released a research report stating that China Life Insurance (02628.HK) recorded a net loss of RMB 45 billion in the third quarter, mainly affected by financial market volatility. Given that peers' earnings performance also showed similar volatility, it is believed that investors will not be too surprised by this. The "Overweight" rating and target price of HKD 40 are maintained.