According to a report published by Jefferies, with regard to Lingzhan's announcement of a five-for-one share offering of HK$18.8 billion, the bank believes that this transaction will reduce the estimated book value of the diluted market and profit measurement per share by about 8% to 10%, and provide Lingzhan management with more opportunities for space exploration to increase revenue. The bank said it maintains a positive view on the long-term prospects of Lingzhan, and pointed out that under Lingzhan's stock offering, peers may face pressure from capital flows and concerns caused by new share capital. The bank maintained its lead target price of HK$69 and purchase rating.