Goldman Sachs issued a report sayingfreeslotcoins, after China Taiping's life insurance and property insurance branch announced its first-quarter results and financial datafreeslotcoins, adjust its performance forecast for China Taiping. 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 expectations by 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 6freeslotcoins.4 Hong Kong dollars dropped to 6freeslotcoins.3 Hong Kong dollars, mainly reflecting the decrease in carrying value and profit this year, maintaining the "sell" rating.
