Morgan Stanley: There is over an 80% chance that the stock price of GF SEC (01776) will rise in the next 30 days.

Morgan Stanley released a research report stating that it is expected that GF SEC (01776) will see a price increase in the next 30 days, with a probability of over 80%. The main reason is that the stock price has recently fallen, making short-term valuations more attractive. Morgan Stanley maintains a "synchronized with the market" rating on GF SEC, waiting for further clarification on whether GF SEC can quickly transform its direction-oriented investment portfolio into demand-oriented derivative business. The bank believes that GF SEC can continue to increase market share in its asset management business. Its recently strengthened capital base can also be quickly deployed to high-ROE derivative businesses, capturing the growing demand from institutional investors. The current market environment is favorable, with the average daily trading volume of A-shares and H-shares remaining high, and there is also an improvement in the investment intentions for high-fee actively managed equity funds. Potential catalysts include the relaxation of leverage limits for leading brokerages and the formal implementation of new derivative regulations.