GF Sec: China Cinda's financial services business will usher in a window of performance improvement, first giving it a "shareholding" rating.
GF Securities released a research report stating that it has initiated coverage on China Cinda (01359), giving it a 'shareholding' rating. The company is expected to have a net profit of 4.099 billion yuan from its non-performing asset management business in 2025. The non-performing asset management division is valued at 11 times PE, corresponding to a total fair value of 45.087 billion yuan. The net profit of the traditional financial business is 3.521 billion yuan, with the traditional financial division valued at 5 times PE, corresponding to a total fair value of 17.607 billion yuan. The total fair value is 62.694 billion yuan, with a corresponding fair value per share of 1.81 yuan/share (1 HKD = 0.91 CNY). GF Securities' main points are as follows: non-performing assets.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
gf sec announced the issuance of corporate bonds (fourth tranche) with a face interest rate in 2024.
gf sec (01776) announced that gf sec Co., Ltd. publicly issued corporate bonds to professional investors in 2024 (fourth tranche) Variety One (bond short name: "24 gf 08", bond code: 148988) has a face interest rate of 2.14%; Variety Two (bond short name: "24 gf 09", bond code: 148989) has a face interest rate of 2.20%.
gf sec (01776.HK) '24 GF 08' coupon rate is 2.14% and '24 GF 09' coupon rate is 2.20%
Grain Securities on November 6th announced that GF Securities Co., Ltd. (referred to as the 'issuer') has obtained approval from the China Securities Regulatory Commission in document No. 1010 of 2024 to publicly issue corporate bonds with a face value not exceeding 20 billion yuan (inclusive) to professional institutions. GF Securities Co., Ltd. in 2024 plans to publicly issue corporate bonds (fourth tranche) to professional investors, the first issuance under the aforementioned registration approval, with a planned issuance size not exceeding 5 billion yuan (inclusive). 2024 11
gf sec (01776.HK) '23 gf D5' is scheduled to redeem and pay dividends on November 8 and delist.
Gelonghui November 6th | gf sec (01776.HK) announced that gf sec Co., Ltd. will publicly issue short-term corporate bonds (fourth tranche)(variety two) for professional investors in 2023(bond abbreviation: '23 gf sec D5', bond code: 148502, hereinafter referred to as 'this bond') will pay interest from November 10, 2023 to November 7, 2024 and the principal of this bond on November 8, 2024. The face interest rate of '23 gf sec D5' is 2.68%, and this redemption will pay interest per lot (face value of 1,000 yuan) "2".
[Featured Columnist] Deng Shengxing: The market awaits the results of the USA election and interest rate decisions in silence, with a more cautious attitude towards market entry.
King's Finance News | Hang Seng closed at 21006 on Tuesday (5th), up 439 points or 2.1%; The total market turnover was 169.9 billion yuan for the whole day. HSI rose 188 points or 2.6% to 7556; The technology index surged 161 points or 3.6%, reaching 4693. Mainland brokerages performed well as a whole. gf sec (01776) surged by 6.7%; CICC (03908) soared by 8%; citic sec (06030) skyrocketed by 6.5%. According to foreign reports, Apple will increase its investment in Indonesia in exchange for lifting the local ban on selling iPhone16, resulting in a rise in apple supplier stocks. The offshore RMB exchange rate hit a record high.
