Goldman Sachs published a research report stating that GF Securities was supported by investment income, improved use of balance sheets, and resilient asset management business profits, and recorded strong quarterly performance. More importantly, the improvement in the company's return on equity is increasingly supported by structural factors, including international expansion, capital allocation, and recurring charging services. Therefore, Guangfa continues to be regarded as one of the traditional brokerage firms that are more in a position to benefit from overseas expansion and capital efficiency improvements. The bank raised the average revenue and net profit forecast attributable to shareholders by 5% from 2026 to 2028, mainly reflecting stronger investment income assumptions, faster overseas profit contributions, and improved use of leverage. The bank maintained the “buy” rating for A-shares and the “neutral” rating for H shares, and raised the target price of H shares from HK$22.32 to HK$23.55, and the target price for A-shares from $35.83 to $37.81.

Goldman Sachs published a research report stating that GF Securities was supported by investment income, improved use of balance sheets, and resilient asset management business profits, and recorded strong quarterly performance. More importantly, the improvement in the company's return on equity is increasingly supported by structural factors, including international expansion, capital allocation, and recurring charging services. Therefore, Guangfa continues to be regarded as one of the traditional brokerage firms that are more in a position to benefit from overseas expansion and capital efficiency improvements. The bank raised the average revenue and net profit forecast attributable to shareholders by 5% from 2026 to 2028, mainly reflecting stronger investment income assumptions, faster overseas profit contributions, and improved use of leverage. The bank maintained the “buy” rating for A-shares and the “neutral” rating for H shares, and raised the target price of H shares from HK$22.32 to HK$23.55, and the target price for A-shares from $35.83 to $37.81.