Morgan Stanley published a report stating that after BAIYUNSHAN PH (00874.HK) announced its third-quarter results, the firm decided to lower its profit forecasts for the years 2023 to 2030 by 3% to 7%. The earnings per share forecasts for 2023 to 2026 have been adjusted to 2.25 yuan, 1.87 yuan, and 1.96 yuan respectively, while sales forecasts have also been lowered.

The firm has slightly reduced the target price for BAIYUNSHAN PH from HKD 21.7 to HKD 21.4, maintaining a "market perform" rating.