Bank of America Securities report on August 20th stated that China State Construction International's mid-term revenue increased by 12% year-on-year, and mid-term net income increased by 12.7% year-on-year, meeting the bank's expectations. The company declared a mid-term dividend of 33 Hong Kong cents per share, a 20% year-on-year increase, with a dividend rate of 30.4%, a 1.8 percentage point increase year-on-year. Management has increased the dividend guidance from about 30% to at least 30%, and plans to maintain or increase the annual dividend payout ratio, which was 30.8% last year. The bank also pointed out that the company's new orders increased by 29% year-on-year to 12.5 billion Hong Kong dollars, accounting for 60% of the annual target. The growth of orders was mainly supported by the promotion of several large-scale eco-friendly projects in Hong Kong. Mainland China and Macau orders also increased by 17% and 7% year-on-year, respectively. The bank has raised its earnings forecast for China State Construction International for next year and 2026 by 1% to 2% per share, and correspondingly raised the target price from 11.7 Hong Kong dollars to 13.3 Hong Kong dollars. The target predicted PE ratio remains unchanged at 5.7 times, which is the historical average, and reiterates the "buy" rating.