Glonghui, January 31 丨 Motong Development Research Report said that the bank expects the market sentiment in Hong Kong and mainland China to remain positive in the near future, which should help support the valuation of Value Partners Group (0806.HK), thus maintaining its “increase in holdings” rating, with a target price of HK$4.4. According to the report, considering the challenges of the market environment, it is believed that the market should not be surprised by the profit warning issued by the company last week. Although the 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. The stock is currently reported at HK$3.19, with a total market value of HK$5.827 billion.