Hong Kong stocks closed (01.02) | The Hang Seng Index fell by 2.18% while the Golden Industrial Concept rose against the trend. Semiconductors and the large financial Sector had the largest declines.
The Hong Kong stock market had a poor start in 2025, with all three major indices declining, each dropping more than 2%. The Hang Seng Index once again fell below the 20,000 mark, and the Hang Seng China Enterprises Index at one point dropped over 3% in the afternoon.
Hong Kong stocks are moving differently | China-Affiliated Brokerage stocks are declining across the board, with A-share financing scale in 2024 reduced by more than 80%, and Brokerage investment banking Business significantly decreased.
China-Affiliated Brokerage stocks are all declining. As of the time of writing, CITIC SEC (06030) is down 5.85%, at 20.1 HKD; Guolian (01456) is down 5.21%, at 4.37 HKD; CSC (06066) is down 5.4%, at 9.29 HKD; China Merchants (06099) is down 5.25%, at 15.18 HKD.
Citic Securities Initiates Cadence Design Systems at Add With $337 Price Target
Caitong's investment strategy for the Brokerage Industry in 2025: Market beta drives a comprehensive recovery across all Business lines.
Under the demand for building a "financial powerhouse," the Huaan CSI All Share Investment Banking & industry welcomes the strategic opportunity to establish a "first-class investment bank."
CITIC SEC: Maintains YUM CHINA "Buy" rating, KFC China announces an average price increase of 2%.
CITIC SEC released a research report stating that it maintains a "Buy" rating on YUM CHINA (09987). With a low base, same-store performance in Q4 2024 is expected to continue improving. Under the backdrop of an optimistic turning point in policy and heightened expectations for economic recovery, the company's operational expectations are likely to drive further valuation recovery. The report mentions that KFC China announced on December 24 a pricing adjustment measure with an average increase of 2%, aiming to better adapt to market cost changes. Historically, KFC regularly evaluates and cautiously adjusts its price structure based on changes in operating costs, with the last price adjustment occurring in early 2023. This price adjustment reflects the consumer Dining industry indirectly.
Investing in CITIC Securities (SHSE:600030) a Year Ago Would Have Delivered You a 58% Gain
CITIC SEC: Maintains a "Buy" rating for Xpeng Autos -W, creating a hit product through "system capabilities".
CITIC SEC released a research report stating that it maintains a "Buy" rating for Xpeng Motors-W (09868). The firm believes that Xpeng will continuously launch two blockbuster models, MONA and P7+, in the second half of 2024, leading to sustained increases in delivery volumes and achieving the best results ever, with the core behind this being the company's improvement in "system capabilities." The report states that after experiencing organizational restructuring over the past two years, Xpeng Motors has completed iterations in product concepts, cost structures, marketing, and other aspects, laying a solid foundation for the major product cycle of the 2025-2026 models. The "end-to-end" technology trend in the smart driving industry has been established, with Xpeng Motors focusing on smart driving algorithms.
Suzhou Sepax Technologies to Offer Nearly 50 Million Shares in Shanghai IPO
CITIC SEC (06030): CITIC SEC International provides guarantees for the issuance of 26 million US dollars in medium-term notes by CSI MTN Limited.
CITIC SEC (06030) released an announcement that the company's wholly-owned Overseas subsidiary, CITIC SEC International, has a subsidiary CSI ...
Hong Kong stock movement | China-Affiliated Brokerage stocks continued to decline in the afternoon, with increased market volatility dragging down the Sector performance. Citibank stated that Brokerage stock prices may have peaked.
China-Affiliated Brokerage stocks continued to decline in the afternoon. As of the time of this report, Guolian (01456) fell by 3.48% to 4.71 HKD; China Merchants (06099) fell by 3.33% to 15.7 HKD; CITIC SEC (06030) fell by 2.48% to 21.65 HKD; CSC (06066) fell by 1.92% to 10.2 HKD.
China International Capital Corporation: The nominal interest rate for the 2024 perpetual subordinated Bonds (Phase II) is 2.15%.
China International Capital Corporation (03908) announced that the company has obtained the approval from the China Securities Regulatory Commission for the public issuance of perpetual subordinated bonds to professional investors, with a maximum amount of 20 billion yuan (including 20 billion yuan) (Approval No. CSRC [2023] No. 193). These bonds are underwritten by CITIC SEC and China Galaxy Securities Co., Ltd., with the China International Capital Corporation set to issue perpetual subordinated bonds to professional investors in 2024 (Phase II) (hereinafter abbreviated as
CITIC SEC (600030.SH) will distribute a dividend of 0.24 yuan per share for the half year, with the record date for shareholder registration being December 19.
CITIC SEC (600030.SH) announced that the company will implement the A-share equity distribution for the first half of 2024, each...
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.
CITIC Securities Gains Strong Shareholder Support in EGM
CITIC Securities Unveils Board Roles and Strategy
CITIC Securities Reports Steady Growth Amid Strategic Initiatives
CITIC SEC (06030): Zhou Yingguang serves as Director.
CITIC SEC (06030) announced that Mr. Zou Yingguang officially serves as the company's Executive Director from the date of publication of this announcement.
Air China Cargo to Launch Shenzhen IPO
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.
Morgan Stanley: Maintained citic sec 'in line with the market' rating, target price 21.2 HKD.
Morgan Stanley published a research report indicating confidence that CITIC SEC (06030) stock price will rise in the next 30 days. The bank believes there is a 70% to 80% chance of this scenario occurring. Morgan Stanley has given CITIC SEC an 'in line with the market' rating and a Target Price of 21.2 Hong Kong dollars. The bank pointed out that the company's upward momentum is mainly supported by the potentially more positive tone of supportive policies ahead of the domestic economic work conference, which should boost daily trading volume and increase market leverage. The bank considers CITIC SEC to be a high-quality and widely recognized Brokerage, and in times of increased Capital Markets activities, it will be well positioned to consolidate its market share.
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