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高盛：维持中国财险(02328)“中性”评级 目标价上调至11港元

Goldman Sachs: Maintaining China Financial Insurance's (02328) “Neutral” Rating and Raising the Target Price to HK$11

Zhitong Finance ·  Apr 12 01:36

The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the target price of China Financial Insurance (02328) by 2% from HK$10.8 to HK$11 to maintain a “neutral” rating. After FY2023 results, the bank raised Financial Insurance's underwriting profit forecast for FY2024 by 5% due to a lower comprehensive cost ratio (CR), which was partially offset by a slowdown in premium growth. The bank slightly lowered its underwritten profit for the 2025/26 fiscal year, leading to a 4% and 6% decrease in net profit forecasts. Additionally, the 2024-26 shareholders' equity forecast was raised by 1-2%, reflecting better-than-expected performance for the 2023 fiscal year.

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