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The purpose of raising 10 billion is clear, gtja (601211.SH) and haitong sec (600837.SH) are disclosing more details about their merger and restructuring.
GTJA Securities and Haitong Securities are both one of the oldest and largest comprehensive securities firms in China, and both have successfully crossed all stages and cycles of development in China's capital markets.
gtja: Maintains bud apac's 'shareholding' rating, with business in South Korea and India driving overall performance.
GTJA released a research report stating that it maintains a 'shareholding' rating on Bud APAC (01876) based on changes in the consumer environment, lowering the assumed sales volume and ton price increase in China, revising down the profit forecast EPS for 2024 and 2025 to 0.45 and 0.51 respectively, originally at 0.65 and 0.74, giving an EPS of 0.56 for 2026. The company is under pressure in China, with both volume and price falling, and profits declining by double digits; while South Korea and India are showing strong performance, bringing positive momentum to overall performance. GTJA's main points are as follows: 3Q24 overall performance: Bud APAC's total volume decreased by -8 from January to September.
gtja (02611) has completed the payment for the fifth phase of short-term financing bonds for the year 2023.
gtja (02611) announced that the company successfully issued gtja securities on November 23, 2023...
Express News | Guotai Junan Securities 9M Net Income RMB -659 Million
Chinese brokerage sector rebounded in the afternoon, with some individual stocks reversing their declines. Everbright Securities (06178) rose by 1.54%.
King Wu Financial News | After a short-term pullback in Chinese brokerage sector in the afternoon, some stocks reversed their losses. Everbright (06178) rose 1.54%, GTJA (02611) rose 1.37%, Haitong Sec (06837) rose 1.3%, csc (06066) rose 1.12%, and citic sec (06030) rose 0.88%. In terms of news, GTJA and Haitong Sec jointly announced that the State Administration for Market Regulation has decided not to carry out further reviews of the proposed merger concerning operator concentration antitrust examination, and all necessary antitrust filings regarding the proposed merger submitted have been approved.
Hong Kong stocks unusual movement | Merger case passed anti-monopoly review, gtja (02611) opened nearly 4% higher, haitong sec (06837) opened more than 2% higher.
gtja (02611) and haitong sec (06837) opened higher in the morning, as of the time of this report, gtja is up 3.75%, reported at 12.16 HKD; haitong sec is up 2.46%, reported at 7.08 HKD.
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Jimmy w : Does this mean Futu will take off?
bullrider_21 OP Jimmy w : I think after a consolidation, it will rise again.