According to a research report issued by UBS, Ming Yuan Cloud Group is rated "neutral" in 00909 and is expected to maintain a compound annual income growth rate of 16 per cent in 2023-25 with a target price of HK $7.20 as it adds customers and solutions to the real estate value chain, Zhitong Financial APP has learned.

The company occupies an important position in the mainland real estate market and its products are highly permeable and sticky, and the bank expects it to give priority to state-owned enterprises and developer customers in less leveraged areas as a new strategy to reduce industry risk, the report said. The bank expects Mingyuan cloud gross profit margin to continue to improve, mainly affected by the same store sales business profit growth, state-owned enterprise customers and Skyline platform to improve development efficiency and other factors.