Glonghui, Feb. 18 | Morgan Stanley released a report stating that due to resource reallocation, coverage of China's Cinda will be suspended from now on, and the target price has been lowered from HK$1.06 to HK$0.71, and the rating is “in sync with the market.” Damo lowered China Cinda's investment income forecasts for each year from 2023 to 2025 by 26%, 36%, and 45%, respectively, to reflect China Cinda's continued efforts to reduce non-performing assets and the slowdown in balance sheet expansion; disposal of non-performing loans may further reduce return on assets. Profit forecasts for the same period will decrease by 29.1%, 44.6% and 57%, respectively. Non-performing assets are expected to decrease by 8.9%, 6.1% and 3.7% for each year, respectively.