China Life Insurance Co (HK:2628) has released an update.
China Life Insurance Co. anticipates a remarkable surge in net profit for the first three quarters of 2024, estimating an increase of around 165% to 185% from the previous year. This financial boost is attributed to strategic asset allocation and a significant rebound in the stock market during the third quarter. Investors are advised to consider these preliminary yet unaudited financial estimates when evaluating the company’s stock performance.
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