Group 1 - The core viewpoint of the report indicates that the performance of Zhenjiu Lidu has declined more than expected due to deep industry adjustments and macroeconomic uncertainties [3] - Morgan Stanley predicts that the first half of 2025 will be a bottoming phase for Zhenjiu Lidu, with operational pressures likely to persist throughout the second half of this year [3] - The report suggests that Zhenjiu Lidu's performance is expected to gradually improve in the same period this year due to a low base from the previous year [3] Group 2 - Morgan Stanley's "Overweight" rating reflects international capital's recognition of Zhenjiu Lidu's long-term development prospects, sending a positive signal to the market [3] - On August 6, Zhenjiu Lidu's stock price opened lower but surged, reaching a peak increase of 11% during the day, closing at HK$7.38 per share with a trading volume of HK$312 million [6]
珍酒李渡发布业绩预告，摩根士丹利给予“增持”评级