Morgan Stanley: Forecasts a probability of over 80% for the stock price of Kerry Properties (01908) to rise in the next 30 days.

Morgan Stanley released a research report stating that they believe that the stock price of China Overseas Land & Investment Limited (01908) will increase significantly in the next 30 days, with a probability of over 80%. This is due to the company's forecast that contract sales in July will increase by over 50% year-on-year, totaling around 10 billion Chinese yuan, mainly benefiting from the recent hot sales of the Hangzhou Wangtianji project and stable sales performance of other projects. It is estimated that the company will contribute around 7 billion yuan in sales for the month, with around 4 billion yuan already achieved. The report indicates that compared to the recent industry background where sales area growth in major cities only saw single-digit year-on-year increases, China Overseas' sales growth will significantly exceed the industry average and will narrow the year-to-date contract sales decline to a year-on-year decrease of 4%, compared to a 10% decline in the first half of the year.