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<Research>G Sachs Raises CPIC's TP to HKD34; Rating Kept Buy
Recommend 5 Positive 14 Negative 7 |
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Goldman Sachs has released a report updating its forecasts following CPIC (02601.HK)'s release of its 3Q25 results. After incorporating CPIC's better-than-expected investment returns for 3Q25, Goldman Sachs lifted its FY25 net profit forecast for the company by 11%. The FY26-27 profit forecasts were also slightly adjusted by 2-3%. In contrast, Goldman Sachs cut its FY25-27 forecasts for shareholders' equity for CPIC by 2% in light of the lower-than-expected growth in its 3Q25 book value. CPIC's target price was elevated from HKD32.5 to HKD34, with an unchanged rating of Buy. AAStocks Financial News |
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