According to a report released by UBS, Daxin Financial's stock price has risen 23% this year, outperforming local peers by 23%. In the past 3 months and 6 months, the stock price has risen 46% and 67% respectively. Among MSCI banks in Asia other than Japan, Daxin Financial is one of the best performing banks. UBS raised the target price of Daxin Finance from 38.5 yuan to 42.2 yuan, which is equivalent to 0.75 times the market account rate, meaning it predicts a dividend return of 2.6% this year, but downgraded Daxin Financial's rating from “buy” to “neutral,” advising investors to wait for better buying opportunities. UBS currently assumes that Daxin Financial's net interest spread will expand by 3 basis points to 1.51% this year, and that credit costs will remain low at 0.27%. UBS also pointed out that if the net interest spread widens to 1.56% and the cost of credit is at 0.14%, it will drive this year's earnings per share to increase by about 13% and improve the return on equity by 1-2% to about 8-8.5%.