Lyon raises MING YUAN CLOUD's target price to 2.7 Hong Kong dollars, maintaining a "hold" rating.

Lyon releases research report, maintaining a "hold" rating for MING YUAN CLOUD (00909) but raising the target price from HK$2.5 to HK$2.7, an 8% increase. The report indicates that the bank's real estate research team's latest CRR survey shows that the mainland real estate market will remain weak in the first half of 2025. Therefore, the bank predicts that the group's revenue growth will slow down in 2025. However, due to strict cost control measures over the past three years, profitability is on the rise, and the group is expanding into overseas markets.