Morgan Stanley's research report on September 13th indicated that leading online companies such as Manbang and BOSS Zhipin are expected to deliver resilient profitability in the second half of the year. It pointed out that limited competition helps maintain long-term profitability, so the high forecasted valuation multiples are still reasonable. Morgan Stanley has a target price of $16 for BOSS Zhipin's US stocks, with a rating of "shareholding". The target price for Autohome's US stocks has been raised by 13% to $27, with a rating of "in sync with the market". The firm maintains a "shareholding" rating for Manbang and Ke Holdings' US stocks, with target prices of $10 and $19, respectively. The firm expects that BOSS Zhipin, Manbang, and Ke Holdings' strategies focused on penetration rates and limited competition will drive operating leverage and maintain long-term profitability. It believes that the company's commitment to shareholder returns can provide downside protection for its stock price.