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Hong Kong stocks are moving differently | China-Affiliated Brokerage stocks lead in gains as policies guide long-term capital into the market. Institutions are Bullish on the Brokerage Sector's valuations and performance improvements.
China-Affiliated Brokerage stocks are among the top gainers. As of the time of publication, China Merchants (06099) is up 4.76%, at 14.96 Hong Kong dollars; HOLLY FUTURES (03678) is up 4.17%, at 2.75 Hong Kong dollars; CITIC SEC (06030) is up 3.11%, at 21.55 Hong Kong dollars.
China-Affiliated Brokerage stocks started strong, with China Merchants (06099) rising 4.2%. Institutions expect that the performance turning point in Huaan CSI All Share Investment Banking & has already appeared.
Jingwu Financial News | China-Affiliated Brokerage stocks are strong at the beginning of trading. As of the time of reporting, HOLLY FUTURES (03678) is up 5.68%, China Merchants (06099) is up 4.2%, CITIC SEC (06030) is up 4.07%, CC SECURITIES (01375) is up 3.8%, and China International Capital Corporation (03908) is up 3.3%. According to a Research Report from GTJA, it is expected that the performance growth rate of listed brokerages will turn positive in 2024, with a year-on-year Net income growth of +14.03%. Since September 24, the market trend and trading activity have improved, driving growth in overall performance through investments and brokerage performance. Capital Market reforms and
CITIC SEC (06030): CITIC SEC International provides a guarantee for the issuance of 65 million US dollars medium-term notes by CSI MTN Limited.
CITIC SEC (06030) announced that the company's wholly-owned overseas subsidiary, CITIC SEC International's affiliate CS...
CITIC SEC (06030): CITIC SEC International provides guarantees for the issuance of 62.3 million US dollars medium-term notes by CSI MTN Limited.
CITIC Securities (06030) announced that its overseas wholly-owned subsidiary, CITIC Securities International's affiliate CSI M...
[Brokerage Focus] Goldman Sachs maintains a 'Neutral' rating on CITIC SEC (06030) Listed in Hong Kong, expecting Net income to exceed expectations possibly due to cost control.
Goldman Sachs published a research report indicating that CITIC SEC (06030) released preliminary results for the fiscal year 2024, with revenue/net income of 64 billion yuan/22 billion yuan, representing a year-on-year growth of 6%/10%, which is roughly in line with the bank's expectations. Based on this, it is estimated that the revenue/net income for the fourth quarter of 2024 will be 18 billion yuan/5 billion yuan, which is 6% lower and 8% higher than Goldman Sachs' expectations, respectively. Among these, revenue saw a quarter-on-quarter/year-on-year growth of 11%/24%, while profit declined by -21%/increased by 48% year-on-year. The improvement in revenue growth quarter-on-quarter is attributed to a series of stimulus policies that enhanced market activity; however, each business line...
Citic Securities, Guotai Junan Securities Among Banks Acting as Placing Agents for XtalPi
