Guangfa Securities Research Report pointed outpennfierceiii8000liveliner, Oriental Fortune (300059)(300059pennfierceiii8000liveliner.SZ) The results of the first quarterly report met expectationspennfierceiii8000livelinerIncrease in self-employed contributions. The company's traffic entrance for the development of the wealth management industry is an excellent target for both growth and high flexibility in the industry. The company has traffic + commercialization scenarios and has long been optimistic that Dongcai will benefit from the efficiency improvement brought by R & D plus and AI technology innovation. Considering that all three phases of the public fund rate reform are expected to be implemented within the year, the company's net profit attributable to the parent company from 2024 to 2025 is expected to be 87pennfierceiii8000liveliner.88 billion yuan and 9.584 billion yuan. Referring to the company's historical valuation center and considering the company's earnings model, the company will be given a valuation of 30xPE in 2024, corresponding to a reasonable value of 16.63 yuan/share, maintaining an "overweight" rating.
