Gelonghui, March 20, 丨 Damo published a report. It is believed that the stock price of Fushouyuan (1448.HK) will rise within the next 15 days, with a 70% to 80% chance of this happening. The target price is HK$10, and the rating is “increase holdings”. According to Daimo, due to the strong recovery trend since this year, Fushouyuan's revenue from cemeteries and funeral services almost doubled year-on-year in January and February, and management raised this year's revenue growth guide from more than 20% to 30% to 35%. The payout ratio increased to 40% last year, compared to 30% in 2021, and the ultimate goal is to increase it to 60%. With a price-earnings ratio forecast of 14 times in 2023, the bank has seen a good entry point. The stock is currently reported at HK$6.2, with a total market value of HK$14.4 billion.