Citigroup releases reportcrashps4, at China Life Insurance (2628crashps4After announcing its quarterly results, it lowered its earnings per share forecasts for the fiscal years 2024 to 2026 by 6%, 5% and 5% respectively to reflect the downward revision of the group's investment income estimates due to fluctuations in the capital market.
Citigroup lowered its target price of China Life from HK$16 to HK$15.6 and maintained its "buy" rating on H-shares to reflect the group's relatively prudent underwriting, the stability of its management team, and the attractive valuation.
