Morgan Stanley published a research report raising its 2025 contracted sales amount forecast for YUEXIU PROPERTY (00123.HK) -0.060 (-1.418%) Short selling $17.55M; Ratio 23.445% by 4% to RMB131 billion, and lifting its full-year core profit forecast by 0.4%, due to better-than-expected property sales performance and the recent sale of a 65% stake in the Beijing Haidian project.However, considering the slower-than-expected recovery in YUEXIU PROPERTY's GPM, changes in project booking and recent land acquisitions, Morgan Stanley has lowered its 2026-2027 core profit estimations for YUEXIU PROPERTY by 2.9%/ 10.2%, and its GPM predictions by 0.6/ 1.2 ppts to 12.7%/ 15.6%, respectively. Related NewsNBS: CN Real Estate Mkt Still in Correction; Mkt Supply/ Demand Needs ImprovementConsequently, the broker reduced its net asset value per share forecast to $8.93. Based on a 35% discount rate, Morgan Stanley cut its target price from $6.27 to $5.8, with rating at Overweight. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)