CMBC International: Raises target price of China Life Insurance (02628.HK) to 29 Hong Kong dollars, rates as "buy"

According to the "Securities Times" APP, CMB International issued a research report stating that the earnings per share forecast for China Life Insurance (02628.HK) for this year, next year, and 2027 has been raised to RMB 2.99, RMB 3.23, and RMB 3.67 respectively. Its target price has been raised from HK$20 to HK$29, equivalent to 0.5 times the forecasted stock price to intrinsic value. The rating is "Buy".