Extent of China Partnerships Boost to Earnings Surprises AMP Bull

Dow Jones

07/17

Citi had expected wealth manager AMP's China Partnerships business to boost earnings by more than the market expected, but it was still surprised by the size of its contribution in 1H. AMP has guided to a 1H underlying net profit of A$170 million-A$180 million. That represents a 25% beat to consensus hopes. AMP said the 1H contribution from China Partnerships, which includes China Life Pension Company, would be some A$56 million. "Looking forward, while some of AMP's earnings contributors look set to be a bit volatile, solid assets under management growth from CLPC seems to imply profits from Partnerships will be sustainably higher going forward," analyst Nigel Pittaway says. Citi raises its FY26 and FY27 EPS forecasts by 13% and 7%, respectively. It retains a buy call on AMP's stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 16, 2026 18:47 ET (22:47 GMT)

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AMP has guided to a 1H underlying net profit of A$170 million-A$180 million. That represents a 25% beat to consensus hopes. AMP said the 1H contribution from China Partnerships, which includes China Life Pension Company, would be some A$56 million. \"Looking forward, while some of AMP's earnings contributors look set to be a bit volatile, solid assets under management growth from CLPC seems to imply profits from Partnerships will be sustainably higher going forward,\" analyst Nigel Pittaway says. Citi raises its FY26 and FY27 EPS forecasts by 13% and 7%, respectively. It retains a buy call on AMP's stock. 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AMP has guided to a 1H underlying net profit of A$170 million-A$180 million. That represents a 25% beat to consensus hopes. AMP said the 1H contribution from China Partnerships, which includes China Life Pension Company, would be some A$56 million. \"Looking forward, while some of AMP's earnings contributors look set to be a bit volatile, solid assets under management growth from CLPC seems to imply profits from Partnerships will be sustainably higher going forward,\" analyst Nigel Pittaway says. Citi raises its FY26 and FY27 EPS forecasts by 13% and 7%, respectively. It retains a buy call on AMP's stock. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2026 18:47 ET (22:47 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMP","symbol_name":"阿莫斯萊斯金融","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652420281","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652420281","pubTimestamp":1784242020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Citi had expected wealth manager AMP's China Partnerships business to boost earnings by more than the market expected, but it was still surprised by the size of its contribution in 1H. AMP has guided to a 1H underlying net profit of A$170 million-A$180 million. That represents a 25% beat to consensus hopes. AMP said the 1H contribution from China Partnerships, which includes China Life Pension Company, would be some A$56 million. \"Looking forward, while some of AMP's earnings contributors look set to be a bit volatile, solid assets under management growth from CLPC seems to imply profits from Partnerships will be sustainably higher going forward,\" analyst Nigel Pittaway says. Citi raises its FY26 and FY27 EPS forecasts by 13% and 7%, respectively. It retains a buy call on AMP's stock.  Dow Jones NewswiresJuly 16, 2026 18:47 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AMP":"阿莫斯莱斯金融"},"translate_title":"中国合作伙伴关系提振盈利的程度令人惊讶 AMP Bull","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMP":1.5},"content_text":"Citi had expected wealth manager AMP's China Partnerships business to boost earnings by more than the market expected, but it was still surprised by the size of its contribution in 1H. AMP has guided to a 1H underlying net profit of A$170 million-A$180 million. That represents a 25% beat to consensus hopes. AMP said the 1H contribution from China Partnerships, which includes China Life Pension Company, would be some A$56 million. \"Looking forward, while some of AMP's earnings contributors look set to be a bit volatile, solid assets under management growth from CLPC seems to imply profits from Partnerships will be sustainably higher going forward,\" analyst Nigel Pittaway says. Citi raises its FY26 and FY27 EPS forecasts by 13% and 7%, respectively. It retains a buy call on AMP's stock. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2026 18:47 ET (22:47 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}