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DSBJ to Raise 1.50 Billion Yuan From Share Issuance; Shares Drop 10%
Haitong sec: Assigns u-presid china an "outperform market" rating with a fair value of 8-10 Hong Kong dollars.
Haitong Securities released a research report stating that it gives a "outperform market" rating to U-presid China (00220), expecting the company's total operating income for 2024-2026 to be 31.087/32.891/34.632 billion yuan, with main business income of 30.858/32.662/34.403 billion yuan, and net income attributable to owners of the parent company of 1.925/2.179/2.452 billion yuan, with a reasonable price range of 8-10 Hong Kong dollars. The bank believes that with the upcoming Spring Festival consumption peak season and the continued contribution from the company's diversified channel development, it is bullish on the company's beverage business in the fourth quarter.
Citic Securities: Policy reform shapes fundamental expectations, opening up long-term incremental development space for brokerages.
citic sec released research reports stating that in the current environment of improving liquidity and shifting policies, the securities sector is expected to achieve significant improvements in both quarter-on-quarter and year-on-year fundamentals by leveraging high trading volume, large margin size, and low performance base.
Hong Kong stock market anomaly | China-affiliated brokerage stocks see larger afternoon decline, CSC (06066) drops by nearly 6%, Citic Securities (06030) falls by over 3%.
China-affiliated brokerages saw their afternoon losses widen. As of the time of writing, CSC (06066) fell by 5.9%, closing at 10.84 Hong Kong dollars; HTSC (06886) fell by 5.53%, closing at 14.34 Hong Kong dollars; GF Sec (01776) fell by 4.42%, closing at 12.1 Hong Kong dollars; Citic Sec (06030) fell by 3.08%, closing at 23.6 Hong Kong dollars.
Hong Kong stock concept tracking|A-share volume remains active, benefiting from continuous increase in brokerage sector trading volume (with concept stocks)
On November 11th, the trading volume of the Shanghai and Shenzhen stock markets has exceeded 2 trillion for the 5th consecutive day.
Hong Kong stock abnormality | China-affiliated brokerage stocks fell across the board in the morning, with multiple brokerages lowering the deposit interest rates of margin accounts. Institutions say the market is expected to return to calm.
China-affiliated brokerages fell across the board in the morning session. As of the time of publication, CITIC Securities (06030) fell by 4.36% to HK$24.15; CSC (06066) fell by 4.07% to HK$11.32; China Merchants (06099) fell by 3.51% to HK$12.64; Haitong Sec (06837) fell by 3% to HK$7.12.
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Jimmy w : Does this mean Futu will take off?
bullrider_21 OP Jimmy w : I think after a consolidation, it will rise again.