In a report released on January 2, from DBS reiterated a Buy rating on New China Life Insurance Co., Ltd. Class H, with a price target of S$1.25. The company’s shares closed last Friday at HK$56.20.
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Currently, the analyst consensus on New China Life Insurance Co., Ltd. Class H is a Hold with an average price target of HK$36.49.
Based on New China Life Insurance Co., Ltd. Class H’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$19.36 billion and a net profit of HK$8.92 billion. In comparison, last year the company earned a revenue of HK$28.38 billion and had a net profit of HK$6.14 billion
New China Life Insurance Co., Ltd. Class H (1336) Gets a Buy from DBS
