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Hong Kong stocks are fluctuating | China-Affiliated Brokerage stocks are all declining, Guolian (01456) is down nearly 5%, CITIC SEC (06030) is down nearly 4%.
China-Affiliated Brokerage stocks declined across the board. As of the time of writing, Guolian Securities (01456) fell 4.91% to 4.84 HKD; CITIC SEC (06030) dropped 3.87% to 22.35 HKD; GF SEC (01776) decreased 3.51% to 10.98 HKD.
Sinolink: With the dual benefit of policy bullish and warming funds, the Brokerage sector is expected to see an increase in both valuation and performance.
Sinolink released a Research Report stating that looking ahead to 2025, liquidity is expected to further ease, enhancing market stability and building a solid market bottom. The improvement in economic fundamentals is confirmed, and the stock market is likely to rise further, which is Bullish for the valuation and performance of the Brokerage Sector.
Hong Kong stocks fluctuate | China-affiliated brokerage stocks rise broadly in early trading. Key meetings further clarify the stability of the stock market, with bullish trends in both stocks and bonds benefiting the brokerage sector.
China-affiliated brokerage stocks rose broadly in the morning session. As of the time of writing, gf sec (01776) rose 4.31%, trading at 12.1 HKD; swhy (03678) rose 3.8%, trading at 3.28 HKD; htsc (06886) rose 2.92%, trading at 14.8 HKD; china merchants (06099) rose 1.67%, trading at 18.28 HKD.
GF Sec: Maintains a 'buy' rating on Chow Tai Fook with a fair value of 8.06 Hong Kong dollars.
gf sec released a research report stating that chow tai fook (01929) is expected to have a net income of 5.4, 6.5, and 7.2 billion HKD for the FY25-27 fiscal years. Referring to comparable company valuations, a 15 times PE valuation is given for the FY25 fiscal year, corresponding to a reasonable value of 8.06 HKD/share, maintaining a "buy" rating. The company's revenue for FY25H1 reached 39.408 billion HKD, a decrease of 20.4% year-on-year, with Hong Kong and Macau declining by 27.9%, and the mainland down by 18.8% year-on-year; achieving a net income of 2.53 billion HKD, down 44.4% year-on-year, mainly due to significant fluctuations in gold prices.
gf sec (01776.HK) plans to be listed starting December 4th under the name of "24 gf 12".
GF Sec (01776.HK) announced that according to the relevant regulations of the Shenzhen Stock Exchange for the listing of bonds, GF Securities Co., Ltd. will publicly issue corporate bonds (fifth tranche) targeting professional investors in 2024. The bond is abbreviated as "24GF12" and meets the listing requirements of the Shenzhen Stock Exchange bonds. It will be listed on the Shenzhen Stock Exchange starting from December 4, 2024, and traded by professional institutional investors. The trading methods include matching, click, inquiry, bidding, and negotiation transactions.
GF Sec (01776): "24th Public Security D14" will be listed on the Shenzhen Stock Exchange from November 27.
gf sec (01776) announced that the company will publicly issue short-term corporate bonds to professional investors in 2024 (...
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