Citi lowered China Financial Insurance's (02328) earnings per share forecast for the 2024-2026 fiscal year by 4%, 3%, and 3%, respectively.
The Zhitong Finance App learned that Citibank released a research report stating that considering the results of China Financial Insurance (02328) in the first quarter of 2024 and expected lower investment income, it lowered its earnings per share forecast for the 2024-2026 fiscal year by 4%, 3%, and 3%, respectively. The target price was slightly reduced from HK$11.2 to HK$11.1, with a rating of “buy.”