Hong Kong stock market anomaly | The selection of general managers once again triggers speculation about mergers. Citic Securities (06030) and csc (06066) both surged more than 4%.

Recently, the general manager candidates of Citic Securities and CSC Securities have not been determined, sparking market speculation of another merger. As of the press time, Citic Securities (06030) rose by 4.47% to HK$22.15; CSC Securities (06066) rose by 4.76% to HK$9.9.

Zhitong Finance48minutes ago

Open Source Securities: Brokerage insurance third-quarter report meets expectations, expecting further expansion of profit growth in the fourth quarter.

Non-silver sector holdings are still at historically low levels, and preferred profitable growth sustainability and undervalued symbols after the general rise.

Zhitong FinanceNov 3 05:39 ET

Bocom Intl: Maintain a buy rating on Citic Securities with a target price raised to HK$25.

Bocom Intl released a research report stating an upward revision of Citic Sec (06030) profit forecast, expecting a 17.7% year-on-year increase in profit in 2024. Based on a 1.1 times pb ratio in 2025, the target price was raised from HK$17 by 47.1% to HK$25, maintaining a 'buy' rating. The report mentioned that the company's first three quarters' net profit attributable to equity holders increased by 2.3% year-on-year, with growth turning positive compared to the first half of the year. Profit in the third quarter increased by 21.9% year-on-year, mainly benefiting from the stock market rebound driven by policy expectations, and self-operated investment income increased significantly year-on-year on a low base. The decline in light asset income narrowed in the third quarter, but net interest income increased significantly.

Sina Hong Kong stocksOct 30 23:15 ET

Bocom Intl: Maintains a "buy" rating for Citic Securities (06030) with the target price raised to HK$25.

Bocom Intl expects citic sec's profit to increase by 17.7% year-on-year in 2024.

Zhitong FinanceOct 30 22:35 ET

Hong Kong stock market anomaly | China-affiliated brokerage stocks rise sharply, several brokerages achieve performance turnaround in the third quarter, sector expected to challenge high valuations upwards.

China-affiliated brokerage stocks rose, as of the deadline, Holly Futures (03678) rose by 13.02%, closing at 3.56 Hong Kong dollars; citic sec (06030) rose by 5.41%, closing at 21.45 Hong Kong dollars; china galaxy (06881) rose by 5.31%, closing at 7.07 Hong Kong dollars.

Zhitong FinanceOct 30 22:12 ET

[Hong Kong Stock Connect] Citic Securities (06030) rose by 4.67%, Bocom International pointed out that the profit growth rate turned positive in the third quarter, and the target price was raised by 47%.

Kingsec News | Citic Sec (06030) morning stock price is strong, as of the time of publication, it is 21.3 Hong Kong dollars, up 4.67%, with a turnover of 0.248 billion Hong Kong dollars. On the news front, Bocom Intl issued research reports pointing out that in the first three quarters, Citic Sec's net income attributable to the parent company increased by 2.3% year-on-year, with a turnaround in growth rate from the first half of the year. The single-quarter profit in the third quarter increased significantly by 21.9% year-on-year, mainly benefiting from the stock market rebound driven by policy expectations. Proprietary investment income significantly increased year-on-year on a low base. The decrease in light asset income narrowed in the third quarter, but net interest income decreased significantly. Since the announcement of the financial policy on September 24th, market confidence...

Jingu Finance NewsOct 30 22:12 ET