The Zhitong Finance App learned that Xiaomo released a research report saying that maintaining the Value Partners Group (00806) “increase holdings” rating is expected to remain positive in the near future, which should help support its valuation. The target price is HK$4.4. Considering the challenges of the market environment, the bank believes that the market should not be surprised by the profit warning issued by the company last week.

According to the report, although the company's stock price has rebounded from a low point, the valuation is still relatively low. Currently, P/AUM is 7%, which is still 1-2 standard deviations below the average. Over the next 12-18 months, any profit take-back could become an attractive market entry opportunity, ushering in upward fundamental potential.