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Express News | Guotai Junan Securities and Haitong Securities: Have Conducted Self Investigations Into Trading of a-Shares of Both Companies by Insiders Who Were Aware of Confidential Information Related to Their Merger Plan
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.
HAITONG SEC (06837.HK) received a Shareholding increase of 3.326 million shares from New China Life Insurance.
On December 11, according to the latest equity disclosure data from the Hong Kong Stock Exchange, on December 5, 2024, HAITONG SEC (06837.HK) was increased by New China Life Insurance Company Ltd. by 3.326 million shares at an average price of HK$7.0956 per share, involving about HK$23.6 million. After the shareholding, New China Life Insurance Company Ltd.'s latest number of shares held is 206,326,000 shares, with the shareholding ratio rising from 5.95%.
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.
Haitong sec: Assigns SenseTime-W a "Buy" rating with a fair value of HKD 2.27-2.84.
Haitong sec released a research report stating that it has given SenseTime-W (00020) an "outperform the market" rating. Considering various factors, a forecast of 16 to 20 times p/s for SenseTime Group in 2024 corresponds to a reasonable company value range of 2.27 to 2.84 Hong Kong dollars. The bank determines that the completion of the company's global strategy organizational restructuring will open a new chapter in the company's development in the AI era. The report mentions that the organization has completed the strategic restructuring and established a "1+X" framework. SenseTime currently holds a significant leading advantage in the field of AI large models; on one hand, the company's daily new series of models can achieve superior results in assessments.
December 9 Insurance Daily | The country's first self-regulatory rules for the "insurance + futures" industry have been released, and the goals for the property and casualty insurance industry over the next five years are clear and specific!
The first domestic self-regulatory rules for the "insurance + futures" industry have been released. The China Futures Industry Association officially published the "Futures Company 'Insurance + Futures' Business Rules (Trial)" today. This rule is the first self-regulatory normative document in the field of "insurance + futures" business. From the content, the rule revolves around the main line of strong regulation, risk prevention, and promoting high-quality development, adhering to problem orientation and clarifying various prohibited behaviors in the futures company's "insurance + futures" business. The rule also specifies the self-regulatory inspection mechanism for the business and proposes specific handling measures for the violations of futures operating institutions. (Financial Frontline) Strong regulation, risk prevention, and promoting reform.
Jimmy w : Does this mean Futu will take off?
bullrider_21 OP Jimmy w : I think after a consolidation, it will rise again.