The Zhitong Finance APP learned that Goldman Sachs released a research report, maintaining a "neutral" rating on Kerry PPT (00683). After announcing the mid-term performance, Goldman Sachs lowered the basic earnings forecast per share for the fiscal years 2024 to 2026 by 4%, 1%, and 1% to reflect the latest performance and development property income guidelines. The target price has been raised from HK$16.4 to HK$16.7.

The report mentioned that the company's basic earnings per share for the first half of the year dropped by 19% compared to the same period last year, falling short of the bank's expectations. Operating profit before deducting special items also decreased by 6% compared to the same period last year. The profit from property development was lower than expected, offset by net interest income that exceeded expectations. However, the mid-term dividend of the group met expectations.