02611 GTJA
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- +0.330+4.09%
GTJA News
Cathay Pacific Junan: Target price of HK$5 for China Telecom's “buy” rating
Guotai Junan released a research report stating that China Telecom (00728)'s profit grew steadily in the first quarter, and high-quality development continued to advance. Considering the steady increase in its profits and dividends, as well as the opportunities brought by the rapid development of the cloud business, it maintained a target price of HK$5 for H shares, with a rating of “buy.” According to the report, China Telecom's service revenue and net profit for the first quarter increased 5% and 7.7% year-on-year respectively, in line with market expectations. Due to the steady growth of the main business and good control of operating expenses, the report believes that the company's net profit will continue to grow steadily in the next few years. The company plans to increase the dividend payout ratio to over 75% within three years from 2024
Insufficient Growth At Guotai Junan Securities Co., Ltd. (SHSE:601211) Hampers Share Price
Guotai Junan Securities Co., Ltd.'s (SHSE:601211) price-to-earnings (or "P/E") ratio of 13.7x might make it look like a strong buy right now compared to the market in China, where around half of the c
國泰君安：2023年度報告
Cathay Pacific Junan: Mainly high dividends and begins to lay out the rebound of the Hong Kong stock internet
Guotai Junan released a research report saying that in a situation where overseas risk events have not been fully resolved and may disrupt the Hong Kong stock market, the high-dividend style with low risk characteristics still has allocation value. It is recommended to focus on high-dividend industries such as telecommunications operators, energy, and utilities. On the domestic side, the new “National Nine Rules” of China's capital market will help investors focus on assets with lower valuations, more stable growth, and higher dividends. However, the Hong Kong stock Internet policy adjustments and valuation adjustments have been sufficient in the past few years. Stock prices are entering the batting zone, and opportunities for Chinese Internet companies can be examined from a longer-term perspective. In terms of industry selection, high dividends are the main focus
Guotai Junan (02611.HK) held a board meeting on April 29 to consider and approve the first quarter results
Gelonghui, April 15, 丨 Guotai Junan (02611.HK) announced that the board of directors meeting will be held on April 29, 2024 (Monday) to consider and approve (among other things) the unaudited results of the company and its subsidiaries for the first quarter ended March 31, 2024.
GTJA: NOTIFICATION OF BOARD MEETING
Cathay Pacific Junan (Hong Kong): Hong Kong stocks have entered sideways trading in the short term, and suggestions focus on dividend style
Cathay Pacific Junan (Hong Kong) released a research report saying that Hong Kong stocks have fluctuated sideways in the short term. The recommendation is to mainly use the dividend style to buy technology manufacturing and export chain industries at low prices: 1) In situations where overseas risk events have not been fully resolved and may disrupt the Hong Kong stock market, the high-dividend style with low risk characteristics still has allocation value, focusing on high-dividend industries such as communication operators, energy, and utilities. 2) With the promotion of technology policies and industries, technology growth stocks are expected to rise. Growth stocks are expected to rise this year, and industries such as new energy, semiconductors, technology and electronics are also worth paying attention to. 3) External demand is expected to benefit from a recovery in global manufacturing sentiment,
Cathay Pacific Junan (Hong Kong): Maintaining the target price of China Gold's international “collection” rating raised to HK$56.1
Cathay Pacific Junan (Hong Kong) released a research report stating that due to the high price-earnings ratio valuation level, the target price of China Gold International (02099) was raised to HK$56.10 and maintained a “collection” rating. The bank predicts that the company's net profit will grow steadily from 2024-2026, mainly driven by rising metal prices and increased mineral production. Cathay Pacific Junan (Hong Kong)'s main opinion is as follows: the company recorded a loss of 25.5 million US dollars in 2023. Production at the Jiama mine was discontinued on March 27, 2023 due to tailings overflow from tailings depots. As a result, the company's total production of mineral products fell sharply, and the company went from 2
Research Report Nuggets丨Zhongyuan Securities: Cathay Pacific Junan operates steadily, balances all businesses, and maintains an “increase in holdings” rating
According to the Zhongyuan Securities Research Report, in 2023, the share of net revenue and investment income (including changes in fair value) from the asset management business of Cathay Pacific Junan (601211.SH) increased, and the share of brokerage, investment banking, interest, and other revenue declined. The overall growth of the company's institutional clients led to a decline in net brokerage fee revenue that was superior to that of comparable brokerage firms; proprietary business was determined to be low-risk, non-directional transformation, and investment returns (including changes in fair value) picked up markedly; and international business improved markedly. The company's operation is steady and the various businesses are balanced. The continuous expansion of institutional brokerage and trading and customer demand businesses will further enhance the company's performance resilience
Cathay Pacific Junan: Maintaining Minshi Group's “Buy” Rating Target Price Reduced to HK$22
Cathay Pacific Junan released a research report saying that maintaining Minshi Group's (00425) “buy” rating, the target price was lowered from HK$29 to HK$22, which is equivalent to 9 times the predicted price-earnings ratio for this year. The bank said it will raise Minshi Group's earnings forecast for this year and next two years by 0.302 yuan and 0.361 yuan to 2.196 yuan and 2.63 yuan respectively, and add the 2026 earnings forecast to 3.211 yuan to reflect the rapid growth in passenger car sales in mainland China, the synergy effect brought about by overseas market expansion, and the narrowing of gross margin. Furthermore, Guotai Junan expects the company's
Changes in Hong Kong stocks | China Merchants Securities (06099) rose more than 4%, leading the rise in Chinese brokerage stock market sentiment, which is expected to drive performance. Strict regulatory environment expectations have basically been digest
Chinese brokerage stocks picked up in early trading. As of press release, China Merchants Securities (06099) rose 4.12% to HK$6.06; Everbright Securities (06178) rose 4.02% to HK$5.17; GF Securities (01776) rose 3.57% to HK$7.83; and Cathay Pacific Junan (02611) rose 3.45% to HK$8.09.
Bank of America Securities: Reiterates Cathay Pacific Junan (02611) “Buy” Rating Target Price Reduced to HK$10.15
Bank of America Securities lowered Cathay Pacific Junan's (02611) profit forecast for this year and next two years by 20% to 23%.
Guotai Junan Securities' Profit Down in 2023
Guotai Junan Securities (SHA:601211, HKG:2611) recorded a decline in attributable profit for the year ended Dec. 31, 2023, to 9.37 billion yuan from 11.51 billion yuan during the year-ago period, a Th
Cathay Pacific Junan: Maintaining CGN Mining's “Buy” Rating Target Price of HK$1.85
Guotai Junan released a research report saying that maintaining CGN Mining's (01164) “buy” rating, uranium prices are expected to continue to rise in 2024 due to strong fundamentals, and the company's mineral production will grow steadily, with a target price of HK$1.85. Guotai Junan's main view is as follows: rising uranium prices will continue to be the main driver of profits. The fundamentals of uranium supply and demand are expected to remain strong in the long term, and the bank expects uranium prices to continue to rise and remain high in 2024. Insufficient investment in the uranium mining industry will have a long-term impact on global uranium supply, and uranium production growth over the next 5 years will be limited. However, with the increase in nuclear power installations, all
Cathay Pacific Junan: First to give Nine Dragons Paper an “increase in holdings” rating target price of HK$4.4
According to a research report, Guotai Junan released a research report stating that FY2024-2026 gave Nine Dragons Paper (02689) an “increase in holdings” rating. The net profit of FY2024-2026 is expected to return to 7.8/26.8/3.35 billion yuan, turning negative year-on-year to positive/ +242%/+25%, with a target price of HK$4.4. The bottom of the industry cycle is gradually recovering upward. As an industry leader with leading scale, the company has an in-depth forward-looking layout of raw materials, products, and channels, combined with optimization of external supply and demand patterns, and profit flexibility can be expected. Guotai Junan's main views are as follows: internal and external factors resonate, and profit flexibility can be expected. 1) Production capacity during the peak capital expenditure cycle of the industry
Guotai Junan (02611) will pay a final dividend of 4 yuan for every 10 shares
Guotai Junan (02611) announced that it will pay the final dividend for the year ending December 31, 2023 every 10...
Guotai Junan (02611) announced 2023 annual results. Total revenue and other revenue of 52.304 billion yuan increased by 6.55% year-on-year, and many businesses grew steadily
According to the Zhitong Finance App, Guotai Junan (02611) announced the results for the year ended December 31, 2023. The group obtained total revenue and other revenue of 52.304 billion yuan (RMB, same below), an increase of 6.55% over the previous year; profit attributable to the company's equity holders of 9.374 billion yuan; basic earnings per share of 0.98 yuan; and a proposed discovery dividend of 4 yuan for every 10 shares. In 2023, the Group's wealth management business will accelerate the construction of an “investment-driven and technology-enabled” wealth management model. On the basis of maintaining the leading edge in the retail brokerage business industry, it will focus on strengthening the core competitiveness of buyer investment and stabilizing
GTJA: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Guotai Junan (601211.SH) reported 2023 annual results, with net profit of 9.374 billion yuan to mother, and steady growth in many businesses
According to Zhitong Finance App, Guotai Junan (601211.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 36.141 billion yuan, an increase of 1.89% over the previous year; net profit attributable to owners of the parent company of 9.374 billion yuan; net profit attributable to owners of the parent company after deducting non-recurring profit and loss of 8.718 billion yuan; and basic earnings per share of 0.98 yuan/share. Based on the total share capital of the company on the share registration date of this dividend payment, the company distributes a cash dividend of 4.0 yuan (tax included) for every 10 shares to A-share shareholders and H-share shareholders registered on the share registration date of the dividend payment
GTJA: ANNOUNCEMENT - (1) 2023 PROFIT DISTRIBUTION PLAN (2) GENERAL MANDATE TO ISSUE ONSHORE AND OFFSHORE DEBT FINANCING INSTRUMENTS (3) POTENTIAL RELATED PARTY TRANSACTIONS INVOLVED IN THE PROPOSED ISSUANCE OF ONSHORE AND OFFSHORE DEBT FINA...
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