Lates News

Citigroup issued a research report stating that after New China Life Insurance announced its first half performance, it updated its valuation model and raised its earnings per share forecast for fiscal year 2025 and 2026 by 8% and 4% respectively, mainly reflecting the latest capital market trends. Citigroup slightly raised its target price from 49.6 Hong Kong dollars to 50.7 Hong Kong dollars and rated it as "neutral" due to the high valuation.