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Hong Kong stocks fluctuated | China-Affiliated Brokerage surged rapidly in the afternoon, with Institutions stating that multiple Bullish factors are catalyzing the Brokerage market, indicating that the Sector is expected to see both performance and valua
China-Affiliated Brokerage stocks surged rapidly in the afternoon. As of the time of publication, Guolian (01456) rose by 4.09%, trading at 4.84 Hong Kong dollars; China Merchants (06099) rose by 2.96%, trading at 16.02 Hong Kong dollars; Everbright (06178) rose by 1.1%, trading at 8.24 Hong Kong dollars; SWHY (06806) rose by 0.83%, trading at 2.44 Hong Kong dollars.
China Court Rules Litigation Case Against Jin Tong Ling to Proceed; Shares Fall 8%
Everbright (06178) received a complaint and civil ruling.
Everbright Securities (06178) announced that the company received a notice from the Intermediate People's Court of Nanjing City, Jiangsu Province on December 16, 2024...
Everbright: Maintains TONGCHENGTRAVEL 'Buy' rating, with Q3 2024 performance showing high growth.
Everbright Securities released a research report stating that TONGCHENGTRAVEL (00780) maintains a "Buy" rating, and essentially keeps the company's revenue projections for 2024-2026 at 17.263, 20.195, and 23.134 billion yuan respectively, with adjusted net income forecasts at 2.74, 3.252, and 3.872 billion yuan. Everbright Securities' main points are as follows: In Q3 2024, performance remains high, with core OTA profit margins increasing: In Q3 2024, the company's revenue was 4.991 billion yuan, up 51% year-on-year; achieving an adjusted net income of 0.91 billion yuan, up 46.6% year-on-year; both revenue and adjusted net income exceeded the company's previous guidance.
Market Chatter: Chinese Brokerages Shuttering Branches to Remain Competitive
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.