On August 29, Guosen Securities issued a technical opinion report, pointing out that Morgan Stanley expects the stock price of Longfor Group to rise in the next 30 days, with a probability ranging from 70% to 80%, and a target price of HKD 9.6. The bank stated that Longfor Group's management has provided positive guidance on the group's recurring profit, and it is expected to reach approximately 8 billion yuan in 2024, which should alleviate market concerns about the group's profitability and dividend prospects. In addition, Morgan Stanley pointed out that Longfor has a stable balance sheet, sufficient debt repayment plans, and an active deleveraging plan, which should strengthen market confidence in its strong anti-cyclical capabilities and its ability to cope with challenges arising from reduced property sales. Morgan Stanley expects Longfor's recurring income to account for 83% to 98% of the company's profits from 2024 to 2026, supporting midterm dividends and valuation expansion.