FSM raises target to HKD 39.10 for China Life stock

Published on 10/09/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit hit CNY 134.5 billion in first-half 2026, up 228.60 percent. China Life stock was EUR 3.00 on October 9, 2026 after EUR 3.08.

Key points in brief

FSM raised its China Life target to HKD 39.10, implying 32.10 percent upside from the HKD 26.76 reference price on September 8, 2026.
China Life reported first-half 2026 revenue of CNY 434.6 billion, up 81.50 percent year over year.
First-half 2026 net profit reached CNY 134.5 billion, up 228.60 percent year over year.
The stock was last at EUR 3.00 on gettex on October 9, 2026, after EUR 3.08.

China Life, CNE1000002L3, Illustration mit AI erstellt.

China Life stock was last at EUR 3.00 on gettex on October 9, 2026, after EUR 3.08, while FSM Global reported that its target had been raised to HKD 39.10 in a report dated October 1, 2026, based on the September 8, 2026 price. That target represented 32.10 percent potential upside from HKD 29.60, the reference price used in the report.

First-half revenue beats expectations

China Life generated CNY 434.6 billion of revenue in the first half of 2026, up 81.50 percent from the same period a year earlier. FSM Global compared the result with a CNY 327.0 billion forecast, making the actual figure CNY 107.6 billion higher than that forecast.

The earnings result was even stronger. Net profit reached CNY 134.5 billion in the first half of 2026, up 228.60 percent year over year and above the CNY 131.6 billion forecast cited by FSM Global. New business value rose 33.70 percent to CNY 38.2 billion during the same period.

What does profit growth mean for valuation?

The valuation case now rests on earnings power rather than revenue alone. FSM Global said it had lowered its target price-to-earnings multiple to 5.00 times while raising its China Life target to HKD 39.10, a more cautious multiple despite the upgraded earnings forecast.

China Life's investment result was a major part of the first-half earnings improvement. China Daily reported on September 10, 2026, that total investment income climbed 146.70 percent to CNY 314.5 billion, while first-half net profit more than tripled to CNY 134.49 billion. The figures show why market attention has shifted toward asset returns and the sustainability of gains.

China Life stock stays below its yearly high

The Hong Kong-listed shares were last quoted at HKD 26.16 on October 9, 2026, down 2.24 percent from HKD 26.76, according to the structured market snapshot. The 52-week range was HKD 20.90 to HKD 36.16, placing the latest Hong Kong price HKD 10.00 below the yearly high and HKD 5.26 above the yearly low.

For German investors, the gettex indication gives the local euro perspective: China Life was last at EUR 3.00 at 8:00:52 a.m. CEST on October 9, 2026, versus EUR 3.08 previously. The two prices refer to different venues and currencies, so the HKD performance and the euro quotation are separate reference points.