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Citic Securities Initiates Intuit at Buy With $750 Price Target
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.
Trending Stocks Today: CITIC SEC Rises 13.67%
Express News | Chinese brokerage stocks surge in the Hong Kong market, with CMSC climbing 10% and CITIC SEC jumping 9%.
Citic Sec: Maintains a "buy" rating on Tencent, bullish on the potential for continuous profit release.
CITIC Securities released a research report stating that it is bullish on Tencent Holdings (00700) with the potential for continuous profit release. It is forecasted to achieve revenue of 167.5 billion yuan in 3Q24 (+8.3% year-on-year) and achieve a Non-IFRS net income of 53 billion yuan (+18.0% year-on-year). The performance will maintain a high-quality growth trend, and the "buy" rating will be maintained. In addition, the bank expects Tencent's rapid development with high gross margin businesses such as Video Accounts, Mini Games, Search Advertising, the recovery of game commercialization capabilities, the multiplier effect of artificial intelligence, and ongoing cost reduction and efficiency improvement efforts, allowing the company to continue its high-quality growth model.
Haitong, Citic Securities Advising Jiangsu Guofu Hydrogen Energy Equipment on IPO
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