Morgan Stanley issued a research report stating that it expects GREENTOWN SER (02869) stock price to rise over the next 15 days, with a probability of 70% to 80%. The firm maintains an Overweight rating on the stock with a target price of HK$5.18.

The report noted that GREENTOWN SER delivered solid first-half results, with core profit growing 25% year-on-year on a comparable basis, making it one of the companies with the highest growth rates in the property management sector. This was primarily driven by profit margin expansion that was stronger than expected.

The firm believes the results demonstrate strong execution capabilities under the new management team's leadership, which increases visibility for full-year earnings growth and may lead to upward revisions in market forecasts. Additionally, the company is proceeding as planned with the expansion of RMB 1.5 billion in new contracts.