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大行评级 | 里昂：上调中资券商股目标价 首选广发证券(1776.HK)

Big Bank rating | Lyon: GF Securities Co., LTD. (1776.HK) is the first choice for raising the list price of Chinese securities companies.

格隆滙 ·  Dec 16, 2021 02:16
Gloria issued a report on December 16 that Chinese brokerage stocks have performed mediocre so far this year, but still outperform the market. The report points out that when developed markets begin to face a rising interest rate environment, China's interest rates will remain stable even if not reduced, meaning that brokerages are still expected to enjoy the greatest room for profit growth in the financial sector. The bank's preferred choice among Chinese brokerages is still GF Securities Co., LTD., as 1/4 of its income comes from mutual funds, and the healthy development of the business has been welcomed by investors and regulators with a "buy" rating, raising its target price to HK $18.90 from HK $17.20. The target prices of other Chinese securities firms are shown in another table:
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