Citic Securities Downgrades Fortinet to Add From Buy, Adjusts Price Target to $110 From $103
CITIC SEC (06030): CITIC SEC International provides guarantees for the issuance of 0.285 billion USD medium-term notes by CSI MTN Limited.
CITIC SEC (06030) announced that its wholly-owned overseas subsidiary, CITIC SEC International's affiliated company CSI M...
CITIC SEC: Maintaining a "Buy" rating for BYD Electronic, expected to benefit significantly from the deep integration of smart driving in 2025.
CITIC SEC released a research report stating that it maintains a "Buy" rating for BYD Electronics (00285), being bullish on the company's growth potential and the valuation increase brought by new businesses, predicting the company's Net income for 2024-26 to be 4.6/6.4/8.1 billion yuan respectively. The company is a global leader in high-end precision manufacturing, with its core business tied to top global clients. In the area of automotive electronics, the company is a core supplier to its parent company BYD (01211) and is expected to benefit significantly from the projected growth in smart driving by 2025. Additionally, the company is also involved in Thermal Management, suspension, and other products, with market share expected to continue to increase; in terms of AI, the company has a strategic cooperation with NVIDIA.
CITIC SEC: Maintains EB ENVIRONMENT 'Buy' rating with a Target Price of 4.1 HKD.
CITIC SEC released a research report stating that it maintains a "Buy" rating for EB ENVIRONMENT (00257), and has revised down the forecast EPS for 2024-2026 to 0.52/0.61/0.64 HKD (previous forecast was 0.68/0.69/0.71 HKD). The Target Price is set at 4.1 HKD. The company's subsidiary, CEB GREENTECH (01257), which holds 69.70% of the shares, announced that it expects the net income attributable to the parent to decline by 66-69% in 2024, affected by the intense competition in the hazardous waste Industry, and this is expected to drag down the company's performance in 2024. The company’s revenue structure continues to improve.
CITIC SEC: Maintain CEB GREENTECH "Buy" rating Target Price 0.9 Hong Kong dollars.
CITIC SEC released a research report stating to maintain a "Buy" rating for CEB GREENTECH (01257), and adjusted the company's EPS forecast for 2024-2026 to -0.24/-0.05/0.02 HKD (original forecast was -0.11/0.01/0.08 HKD). Based on a PB of 0.18 for 2025, a target price of 0.9 HKD is given to the company. The company announced that it expects the net income attributable to the parent company in 2024 to expand its losses by 66%-69%, influenced by the continued intense competition in the hazardous waste industry. Since 2024, the company's revenue structure has continuously improved, with domestic subsidies recovery significantly outpacing previous years, cash.
Citic Securities Adjusts Price Target on Amazon.com to $270 From $220, Keeps Buy Rating
CITIC SEC (06030): CITIC SEC International intends to provide a guarantee for CSI MTN Limited.
CITIC SEC (06030) announced that its wholly-owned overseas subsidiary, CITIC SEC International's affiliated company CSI M...
Hong Kong stock Concept Tracking | The Hang Seng TECH Index enters a "technical bull market" with the Brokerage Sector gradually gaining momentum (including Concept stocks).
The Hang Seng TECH Index rose by 2.8% at midday, up more than 20% from the January low.
CITIC SEC: Maintain Buy rating for BUD APAC, performance in 2024 is under pressure.
CITIC SEC published a research report stating that it maintains a "Buy" rating on BUD APAC (01876). Overall, in 2024, the company's performance will be under pressure due to external environmental factors. Looking forward to 2025, the company is expected to achieve stabilization and recovery in sales under the restoration of the Dining scene, as well as a recovery in the high-end Beer market. The bank forecasts that the company's Q4 revenue will decline year-on-year in high single digits, and EBITDA will decline year-on-year in double digits. It is expected that the company's performance in China for Q4 will still be affected by the macro Consumer environment, resulting in a generally weak sales trend, and both volume and price are expected to decline year-on-year in 2024Q4; the South Korea region is expected to maintain good growth in Q4 2024.
Zhongtai: Promote the entry of medium and long-term funds into the market, which is beneficial for enhancing the stability of market funding.
Zhongtai has released Research Reports stating that the core measures of policies for medium and long-term funds entering the market include increasing the actual investment ratio, extending the assessment period, and supporting measures. Currently, there is still considerable room for medium and long-term funds to enter the market, which will help improve the stability of market funding and gradually form a positive feedback loop between funds and Assets.
CITIC SEC: CITIC SEC International provides guarantees for the issuance of 6 million US dollars in notes.
CITIC SEC (06030) announced that its wholly-owned Overseas subsidiary, CITIC SEC International, established an Overseas Medium Term Note program (hereinafter referred to as the Note Program) with a total principal amount of up to 3 billion USD (or equivalent in Other currencies) on March 29, 2022. This Note Program is guaranteed by CITIC SEC International. On February 3, 2025, the issuer issued a note under the Note Program with an issuance amount of 6 million USD, guaranteed by CITIC SEC International. After this issuance, the issuer has already
CITIC SEC: In 2024, Huaxia Fund achieved revenue of 8.031 billion yuan and Net income of 2.158 billion yuan.
CITIC SEC (06030) announced that its holding subsidiary, Hua Xia Fund Management Co., Ltd., has a Shareholder, Mackenzie Financial Corporation, which holds a 27.8% equity stake in Hua Xia Fund. As of December 31, 2024, Hua Xia Fund has total Assets of RMB 20.234 billion and total liabilities of RMB 6.302 billion; the revenue achieved in 2024 is RMB 8.031 billion, Net income is RMB 2.158 billion, and total comprehensive income is RMB 2.181 billion. As of December 31, 2024, Hua Xia Fund's parent.
Announcement of CITIC Securities Co., Ltd. on Huaxia Fund\'s 2024 Annual Performance Report
CITIC Securities' Associate Logs 2.16 Billion Yuan in Net Profit in 2024
CITIC Securities Reports Strong Preliminary Financial Results for China AMC in 2024
CITIC SEC (06030.HK): Huaxia Fund's net income in 2024 is 2.158 billion yuan.
Gelonghui reported on February 5 that CITIC SEC (06030.HK) announced that as of December 31, 2024, the total assets of Huaxia Fund amounted to RMB 20.234 billion, with total liabilities of RMB 6.302 billion; in 2024, the revenue was RMB 8.031 billion, net income was RMB 2.158 billion, and total comprehensive income was RMB 2.181 billion. As of December 31, 2024, the total assets under management of the parent company of Huaxia Fund were RMB 2464.531 billion.
CITIC SEC: VOLUNTARY ANNOUNCEMENT - PRELIMINARY FINANCIAL DATA OF CHINA AMC FOR THE YEAR 2024
CITIC SEC: Maintain "Buy" rating for Alibaba-W with a Target Price of 132 Hong Kong dollars.
CITIC SEC released a research report stating that it maintains a "Buy" rating for Alibaba-W (09988), considering the gradual improvement of the company's Taobao and Tmall core business fundamentals, its leading strength in the AI field, and strong shareholder returns. The firm remains optimistic about the company's medium to long-term stock price performance, maintaining the Target Price for FY2026 at HKD 132 per share. Additionally, the firm expects the mainstream valuation approach for Alibaba in the market to shift from the overall PE method to SOTP valuation, which is projected to bring a valuation improvement of USD 37-70 billion in FY2026. The report mentions that on January 29, Alibaba released
Hong Kong stocks fluctuate | China-Affiliated Brokerage stocks are broadly rising in the morning. The implementation of the long-term funds entering the market system has been established. Institutions claim that the Industry's Q4 performance may be a sho
Chinese Brokerages generally rose in early trading. As of the time of writing, CITIC SEC (06030) increased by 4.9%, trading at 21.4 HKD; SWHY (06806) rose by 4.29%, trading at 2.19 HKD; GTJA (02611) climbed by 4.08%, trading at 11.74 HKD; China International Capital Corporation (03908) went up by 3.59%, trading at 13.28 HKD.
Little Excitement Around CITIC Securities Company Limited's (SHSE:600030) Earnings