Goldman Sachs Keeps Hold Rating on China Taiping Insurance Holdings Co

Goldman Sachs has maintained its Hold rating for China Taiping Insurance Holdings Co. The analyst set a price target of HK$21.70.

The company's shares closed last Monday at HK$20.30, according to the source.

China Taiping Insurance Holdings Co. reported quarterly revenue and net profit figures of HK$97.24 billion and HK$20.29 billion respectively for the quarter ending December 31.

This is a significant increase from last year's revenue of HK$54.07 billion and net profit of HK$2.4 billion.

Currently, the analyst consensus on China Taiping Insurance Holdings Co. is a Moderate Buy with an average price target of HK$26.81.