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CGS' Profit Jumps 27%, Revenue Climbed 15%; Shares Down 3%
Bank of America Securities: Raises China Galaxy's Target Price to HKD 9.6, maintains "Buy" rating.
Bank of America Securities released a Research Report stating that China Galaxy (06881) will achieve a profit growth of 140% year-on-year in the fourth quarter of 2024, outpacing its peers, primarily driven by growth in fee income and trading income during the period. Anticipating that this momentum will continue into the first quarter of this year, Bank of America expects strong growth in brokerage commissions and trading income for China Galaxy, resulting in a robust profit increase compared to peers. Based on the latest forecast of 1.3 trillion yuan in average daily turnover for the A-share market this year, the profit forecast for 2025 has been raised by 2%, and the Target Price has been adjusted from HKD 8.8 to HKD 9.6, maintaining a Buy rating.
China Galaxy: 2024 Annual Report
China Galaxy: 2024 Annual Report Summary
China Galaxy (06881.HK) has appointed independent non-executive Director Ma Zhiming as the chairman of the audit committee.
Gelonghui, March 28 - China Galaxy (06881.HK) announced that the Board of Directors will hold a meeting on March 28, 2025, to appoint independent non-executive director Mr. Ma Zhiming as the chairman of the audit committee, effective from March 28, 2025.
Express News | China Galaxy Securities FY Revenue RMB 46,758 Million
