EarningsNet profit came in at RMB45.0bn, up 64.9% YoY, at the upper-end of profit alert by 55%-70%.
Investment ConfidenceAnalyst maintains BUY with target price at HK$34.0, implying confidence in the long-term investment value.
Value GrowthCPIC reported a beat on Life OPAT, NBV growth and CSM, indicating the insurer’s strong capability to capitalize on value growth and effective A/L management amid a low interest rate environment.