Morgan Stanley published a research report. After updating the risk-return analysis of the development of the new city, it maintained an “increase in holdings” rating. Based on a comprehensive valuation method with a 40% discount on net asset value and net liabilities, the target price was HK$2.3, and continued to be regarded as the preferred stock. The bank pointed out that Xincheng development and operation are returning to normal, and the release of investment property value and the reduction in the drag on the residential development business are the main arguments that are optimistic about the stock. Damo lowered Xincheng Development's core earnings estimates by 10%, 4%, and 5% for each year from 2026 to 28, respectively, to reflect the increase in interest expenses, but this was partly offset by better-than-expected savings in sales and administrative expenses.

Morgan Stanley published a research report. After updating the risk-return analysis of the development of the new city, it maintained an “increase in holdings” rating. Based on a comprehensive valuation method with a 40% discount on net asset value and net liabilities, the target price was HK$2.3, and continued to be regarded as the preferred stock. The bank pointed out that Xincheng development and operation are returning to normal, and the release of investment property value and the reduction in the drag on the residential development business are the main arguments that are optimistic about the stock. Damo lowered Xincheng Development's core earnings estimates by 10%, 4%, and 5% for each year from 2026 to 28, respectively, to reflect the increase in interest expenses, but this was partly offset by better-than-expected savings in sales and administrative expenses.