The Zhitong Finance App learned that Damo released a research report saying that maintaining Greentown Management Holdings (09979)'s “increase in holdings” rating, the profit forecast for next year will be raised by 2% and 5%, respectively, to reach 1.8 billion yuan in 2026, which means a year-on-year increase of 26%, 23%, and 19%, respectively. The target price was raised from HK$7.74 to HK$7.83.

According to the report, the company's profit increased by 31% last year, and the dividend rate reached 103% for the second year in a row. The gross margin was resilient, the beneficiary revenue mix was excellent, and the industry-leading fee rate (3.5-3.8%); new orders showed a good momentum, rising 21% year over year to RMB 10.4 billion. The bank believes that the management guidelines include a compound profit growth rate of 25% or more and a dividend payout rate of over 80% from 2024 to 26, which is a very aggressive goal.