Bank of America Securities research report on August 27th stated that in the first half of the year, GreenTown Service's core operating surplus and net profit increased by 26% and 21% respectively, surpassing the bank's expectations. The management has raised the target for this year's core operating surplus growth from 15% to 20%, with the target of expanding the gross margin by 0.5 percentage points this year, while reducing the proportion of sales and administrative expenses by 0.6 percentage points. The dividend payout ratio will not be less than 50% of the profit. If there are significant impairments or reserves needed, the management will consider issuing special dividends to make up for it, and share repurchases will continue. The management's target fee collection rate will increase by 1 percentage point this year, and accounts receivable growth should be less than revenue growth. The bank believes that the company can achieve a 10% increase in core operating surplus or net profit from 2025 to 2026, and has raised this year's and next year's profit forecast by 5% to 8%. The current stock price of the company is 13 times the forecast price-to-earnings ratio for this year, plus a dividend yield of 4.7%, which is considered reasonable in valuation, but it is not attractive compared to other state-owned enterprises with higher valuations. The bank has upgraded its rating on GreenTown Service from "underperform" to "neutral", and raised the target price from HKD 3.2 to HKD 3.5.