Goldman Sachs released a research report stating that the target price for China Taibao (02601.HK) was lowered from HK$20 to HK$19, and the rating was “neutral.” The company's life insurance profit forecast for FY2024 to 2026 was lowered by 11% to 14% due to poor performance in FY2023 than market expectations and falling contract service profits, reducing overall earnings estimates from FY2024 to 2026 by 6% to 10%, which was partially offset by the increase in profits from the industrial insurance business.
高盛：予中国太保(02601.HK)“中性”评级 目标价降至19港元
Goldman Sachs: Target price for China Taibao (02601.HK) “neutral” rating reduced to HK$19
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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