Guangfa Securities: Maintains "Buy" rating on China Evergrande Group (02669.HK), cash-rich dividend ratio increased.

According to the Securities Times APP, Guotai Junan Securities released a research report stating that considering China Oceanwide Property (02669.HK) value-added business growth rate decline, the company's parent net profit forecast for 2026-2027 was lowered to 14.8/16.0 billion yuan, down from the original forecast of 17.7/19.1 billion yuan, with an additional forecast for 2028 of 17.1 billion yuan. As a state-owned enterprise in property management, the company still has a strong valuation attractiveness, and the "buy" rating is maintained.