The Zhitong Finance App learned that Daiwa released a research report stating that Shell-W (02423) was given a “buy” rating for the first time, with a target price of HK$63. The bank expects that the government's active policies will benefit the shell seen as the target of investment betting on the recovery of domestic housing sales.

The report mentioned that Shell has improved efficiency in the past two years, and the bank and the market have room for the group's profit forecast for this year to rise. The operating leverage brought about by the recovery in housing transaction volume is better than expected, and the current forecast for the Group's earnings per share this year is a 182% year-on-year increase.