Gelonghui October 10th｜htsc released a research report stating that the performance forecast shows that new china life insurance is expected to achieve a net profit of between 18.6 billion and 20.5 billion yuan in the first three quarters, an annual increase of 95% to 115%. The company's stock and fund allocation ratio in the first half of this year has increased by 4 percentage points to 17.4% compared to the second half of last year, mainly focusing on stocks and funds measured at fair value through profit or loss (PVTPL). Stimulated by a series of policies issued by the central government, the stock market saw a significant increase at the end of the third quarter, leading to a significant growth in investment income. The net income of new china life insurance in the first three quarters is expected to achieve high growth. Taking into account the impact of the third-quarter stock market and investment fluctuations, htsc has raised its earnings per share forecast for 2024 to 2026 from 4.82, 3.77, and 3.64 yuan to 8.36, 4.39, and 4.32 yuan, with the target price raised to HK$33, maintaining a "buy" rating.