The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised China Financial Insurance (02328)'s underwriting profit forecast for the current fiscal year by 5% because the lower comprehensive cost ratio (CR) was partially offset by a slowdown in premium growth. There was also a slight decrease in the underwritten profit forecast for the 2025 and 2026 fiscal years, resulting in a 4% and 6% reduction in the net profit forecast, respectively. The bank raised its shareholders' equity forecast for financial insurance for the 2024-2026 fiscal year by 1% to 2%, reflecting last year's results beating expectations. The target price was raised from HK$10.8 to HK$11, maintaining a “neutral” rating.