DBS Reaffirms Their Buy Rating on China Life Insurance Co (CILJF)

DBS analyst Ken Shih maintained a Buy rating on China Life Insurance Co today and set a price target of HK$36.20.
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According to TipRanks, Shih is a 5-star analyst with an average return of 24.8% and a 78.23% success rate. Shih covers the Financial sector, focusing on stocks such as China Taiping Insurance Holdings Co, FWD Group Holdings Limited, and Manulife Financial.
China Life Insurance Co has an analyst consensus of Moderate Buy, with a price target consensus of HK$36.16.
Based on China Life Insurance Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$124.77 billion and a net profit of HK$12.13 billion. In comparison, last year the company earned a revenue of HK$108.86 billion and had a net profit of HK$17.63 billion