Daiwa: Expects Guotai Junan International (01908.HK) stock price to rise by more than 80% in the next 30 days.

According to the Zhixun Finance and Economics APP, Morgan Stanley released a research report stating that it believes that the stock price of China Overseas Land & Investment (01908.HK) will rise in absolute value in the next 30 days with a probability of over 80%. This is because the company is expected to achieve a year-on-year increase of over 50% in contract sales in July, totaling approximately 10 billion yuan, mainly due to the recent launch of the Hangzhou Wangtianji project which has seen strong sales performance, combined with steady sales of existing projects, estimated to contribute around 7 billion yuan in that month, with about 4 billion yuan already achieved. The report indicates that compared to the recent industry background where first-hand sales area in major cities has only seen single-digit year-on-year growth, the sales growth of China Overseas Land & Investment will be significantly higher than the industry average, narrowing the year-on-year contract sales decline to 4% and reducing it by 10% compared to the first half of the year.