Everbright Securities' (SHSE:601788) 11% CAGR Outpaced the Company's Earnings Growth Over the Same Five-year Period

Simply Wall St01:01 ET

Market Chatter: Former China Everbright's Chairman Sentenced to 12 Years in Jail Over Corruption

MT NewswiresDec 10 23:29 ET

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.

Zhitong FinanceDec 10 20:06 ET

Express News | China Everbright Group Former Chairman Tang Shuangning Sentenced to 12 Years in Prison Over Corruption, Bribery - State Media

ReutersDec 10 04:03 ET

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.

Zhitong FinanceDec 9 20:39 ET

Everbright: Maintain a "buy" rating for China Res Land, sales rise to third in the industry.

Everbright Securities released a research report stating that it maintains a "buy" rating for China Res Land (01109). Considering factors such as a significant year-on-year decline in sales from January to November 2024, the company's forecasted core EPS for 2024-2026 has been adjusted to 3.64/3.72/3.88 yuan (original forecast was 3.94/4.09/4.47 yuan). According to CR data, China Res Land achieved a total sales figure of 229.1 billion yuan from January to November, and an equity-based sales figure of 158.2 billion yuan. The company's operation is stable, core land reserves are substantial, and asset management business is developing steadily. The main points from Everbright Securities are as follows: sales year-on-year have turned positive consecutively.

Sina Hong Kong StockDec 4 20:57 ET