On August 21, Goldman Sachs released a report stating that Poly PPT Ser's core profit in the first half of the year met expectations, but the quality of cash profit deteriorated. The management team indicated that they will focus on cash income in the second half of the year. However, the stock price adjusted by 7% yesterday, reflecting investors' low visibility on meaningful improvements in the second half of this year. At the same time, the management team maintains the target of 10% growth in revenue and net profit for the full year. The bank stated that it has lowered the profit forecast for Poly PPT Ser by 5% each for 2024 and 2025, reflecting a overall weak growth trend and a better gross margin situation. The bank also lowered the target price for Poly PPT Ser from HK$37 to HK$35 and reconfirmed its "buy" rating.