Goldman Sachs released a research report stating that CG SERVICES (06098) recorded a core net profit of RMB 1.6 billion in the first half of the year, representing a 15% year-on-year decline, which accounts for 53% of the bank's original full-year forecast for the company. Despite its substantial scale, the company's core business revenue growth outpaced industry peers, though its gross margin decreased by 3 percentage points year-on-year.

The bank indicated that it has raised its core net profit forecasts for the company by an average of 4% for 2025-2027, while increasing the target price from HK$5.1 to HK$6.3. The rating has been upgraded from "Sell" to "Neutral", primarily due to the group's years of challenging business restructuring, including exiting underperforming contracts and refocusing on core business through the reduction of non-core operations, resulting in stable recurring business scale and improved cash flow prospects.