playultimatexpokeronlinefree| Goldman Sachs: Lowering China Taiping target price to HK$6.3 to maintain "sell" rating

Goldman Sachs issued a report saying that China Taiping's life insurance and property insurance branches adjusted their forecast for China Taiping's performance after announcing first-quarter results and financial data. The bank lowered its forecast for the company's net profit this year by 10%, including a 11% reduction in its life insurance profit forecast. Taiping Life recorded a pre-tax profit of 6.6 billion yuan in the first quarter, but tax expenses far exceeded expectationsplayultimatexpokeronlinefreeWith a total of 5 billion yuan, the bank believes in the impact of investments related to deferred tax assets or debt. The bank lowered its forecast for the company's earnings, partly reflecting tax changes. In addition, Taiping Life's book value fell like its peers, which may be negatively affected by low bond yields, and is also the largest among the bank's life insurance companies.

The bank lowered its estimate of shareholders 'equity from this year to 2026 by 5% to 6%. In addition, the bank raised its forecast for the value of new business from this year to 2026 by 19%. The bank lowered its target price for the company to 6playultimatexpokeronlinefree.4 Hong Kong dollars dropped to HK$6.3, mainly reflecting the decrease in carrying value and profit this year, maintaining the "sell" rating.