EarningsChina Life reported a strong set of 3Q earnings, with net profit almost doubled, marking a rise of 92% YoY, propelled by both insurance service results and investment results.
Investment IncomeTotal investment income grew 41% YoY, driven by strong equity market performance, enhancing the company's earnings.
ValuationThe stock is trading at an attractive valuation, with a maintained BUY recommendation and a target price raised to HK$31.