Glonghui, May 28 | Goldman Sachs released a report stating that Shell's profit for the first quarter beat expectations and continues to be positive. The bank raised its 2024-26 revenue forecast by 2%, and its non-GAAP net profit also increased by 4%, mainly because the new domestic housing policy helped drive the group's revenue and profit. The target price was raised from HK$52 to HK$54, maintaining the “buy” rating. According to the report, Shell is the largest housing brokerage company in China, and its online and offline integrated platform model provides strong operating leverage, and it is believed that the company can benefit from continued policy support in China's real estate industry.
大行评级｜高盛：上调贝壳目标价至54港元 上调收入及纯利预测
Bank Rating | Goldman Sachs: Raising Shell Target Price to HK$54, Raising Revenue and Net Profit Forecast
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