According to a research report released by Lyon, GF Securities Co., LTD. (01776) is still the first choice among Chinese brokerages because 1/4 of its income comes from mutual funds, the healthy development of related business is welcomed by investors and regulators, and the target price is raised from HK $17.20 to HK $18.90, Zhitong Financial APP has learned. the target price of other Chinese brokerage stocks is detailed in a separate table.
When developed markets begin to face a rising interest rate environment, domestic interest rates will remain stable, if not lower, meaning brokerages are still expected to enjoy the greatest room for profit growth in the financial sector, the report said.