06030 CITIC SEC
- 13.780
- +0.460+3.45%
CITIC SEC News
CITIC Securities (06030): CITIC Securities International guarantees 46 million yuan of medium-term notes issued by CSI MTN Limited
According to the Zhitong Finance App, CITIC Securities (06030) announced that CSI MTN Limited (hereinafter referred to as the issuer or guarantor), a subsidiary of CITIC Securities International, a wholly-owned subsidiary of the company, established an overseas medium-term notes program (hereinafter referred to as the winning ticket plan) with a total principal amount of up to US$3 billion (or equivalent in other currencies) on March 29, 2022. The winning plan is guaranteed by CITIC Securities International. On May 14, 2024, the issuer issued a note with an amount of RMB 46 million under the winning ticket scheme. After this release, the issuer won the vote
Changes in Hong Kong stocks | Chinese brokerage stocks were high at the end of the session, which stimulated the upward trend in the AH two markets and is expected to catalyze the brokerage sector
Chinese brokerage stocks were higher at the end of the session. As of press release, China Galaxy (06881) rose 5.48% to HK$4.81; CITIC Construction Investment Securities (06066) rose 4.38% to HK$6.91; CITIC Securities (06030) rose 3.6% to HK$13.8; and Everbright Securities (06178) rose 3.31% to HK$5.93.
Xinte Energy: The application materials for infrastructure public offering REITs were accepted by the Shanghai Stock Exchange
Xinte Energy (01799) issued an announcement. Regarding the application and issuance of infrastructure public REITs, the infrastructure public REITs application materials were accepted by the Shanghai Stock Exchange (Shanghai Stock Exchange) on December 12, 2023. Recently, the Shanghai Stock Exchange issued the “Letter of No Objection to the Listing of Huaxia TBEA New Energy Closed Infrastructure Securities Investment Fund and the Listing and Transfer of Asset Backed Securities under the CITIC Securities-TBEA New Energy No.1 Asset Support Special Plan” (Shanghai Securities REITs (Review) [2024] No. 4). The Shanghai Stock Exchange listed and listed public infrastructure REITs
CITIC Securities (06030): CITIC Securities International guarantees HK$700 million medium-term notes issued by CSI MTN Limited
CITIC Securities (06030) announced that CSI M, a subsidiary of CITIC Securities International, a wholly-owned subsidiary of the company overseas...
CITIC Securities (06030.HK) appoints Zhu Yexin as an executive member of the Management Committee
Gelonghui, April 26, 丨 CITIC Securities (06030.HK) announced that at the 20th meeting of the 8th board of directors held on May 10, 2024, the board of directors of the company decided to appoint Mr. Zhu Yexin as an executive member of the company's management committee. The appointment took effect from the date of the current board resolution, and the term of office ended on the date of expiration of the 8th board of directors, and authorized the company's management to complete the filing and other relevant formalities involved in the aforementioned appointment.
Changes in Hong Kong stocks | Chinese brokerage stocks rose in the afternoon, and brokerage performance in the second half of the year is expected to gradually improve, and mergers, acquisitions and restructuring are still the main line of the industry du
Chinese brokerage stocks rose in the afternoon. As of press release, CITIC Securities (06030) rose 4.65% to HK$13.06; CICC (03908) rose 4.03% to HK$10.32; China Galaxy (06881) rose 4.02% to HK$4.4; and CITIC Construction Investment Securities (06066) rose 3.83% to HK$6.5.
CITIC Securities: Maintaining Fuyao Glass's “Buy” Rating and Raising the Target Price to HK$54
According to a research report released by CITIC Securities, Fuyao Glass (03606)'s total profit in the first quarter, excluding exchange gains and losses, increased 44.6% year-on-year to RMB 1,783 billion, better than market expectations. It raised its target price from HK$48 to HK$54, maintaining a “buy” rating. In the medium to long term, I am optimistic that as the average sales price of automotive glass continues to rise, Fuyao Glass will continue to benefit as a leading company in the industry, so it raised its earnings forecast per share from 2024 to 2026 to 2.54 yuan, 2.93 yuan, and 3.41 yuan.
Changes in Hong Kong stocks | CITIC Securities (06030) fell more than 4%, leading the decline, the core revenue of the Q1 industry in Chinese brokerage stocks was under year-on-year pressure, and policy-side regulations became stricter
Chinese brokerage stocks fell collectively. At press time, CITIC Securities (06030) fell 4.06% to HK$12.28; CITIC Construction Investment Securities (06066) fell 2.53% to HK$6.16; GF Securities (01776) fell 2.48% to HK$7.87; and Everbright Securities (06178) fell 2.3% to HK$5.51.
CITIC Securities: Maintaining the Molybdenum and Molybdenum Industry's “Buy” Rating and Raising the Target Price to HK$9
CITIC Securities released a research report stating that maintaining the Molybdenum and Molybdenum Industry (03993) “buy” rating, the net profit forecast for 2024 to 2026 was $11.97 billion, $11.483 billion, and $15.924 billion, while earnings per share were forecasted at $0.55, 0.67 and 0.74. The target price for H shares was raised from HK$7.5 to HK$9. According to the report, the company achieved a high year-on-year increase in copper and cobalt production and performance in the first quarter of 2024, driven by the continuous overproduction of TFM hybrid mining and KFM projects. As the company's production and sales resume the level of normalization after the expansion phase, the bank is optimistic about short-term companies
Chinese Brokerage Firms May Deliver Stronger Operating Performances From 2Q -- Market Talk
0346 GMT - Chinese brokerage firms may deliver stronger operating performances from 2Q given the stronger market momentum in Hong Kong and China since April, says Lawrence Chen, an analyst at CCB Inte
CITIC Securities (06030): CITIC Securities International guarantees CSI MTN Limited's issuance of US$5.1 million medium-term notes
CITIC Securities (06030) announced that CSI M, a subsidiary of CITIC Securities International, a wholly-owned subsidiary of the company overseas...
CITIC Securities: Maintaining Tsingtao Brewery's “Buy” Rating Target Price of HK$80
CITIC Securities released a research report stating that maintaining the “buy” rating of Tsingtao Brewery shares (00168), earnings forecasts per share for the 2024-2026 fiscal year are 3.59 yuan, 4.09 yuan, and 4.62 yuan. At the same time, it is estimated that the company's core net profit will continue to grow by more than 15% over the next three years, with a target price of HK$80. The bank pointed out that Tsingtao Brewery's sales were under pressure in the short term, but the profit performance was impressive. Its first-quarter revenue fell 5.2% year over year, while net profit increased 10.1% year over year. Reflecting the short-term pressure on the company's sales volume and continuous optimization and upgrading of the product structure; gross margin increased 2.1 percentage points year-on-year, reflecting the company's profitability
The central price of RMB was 7.0994, an increase of 69 points
On May 6, the central price of RMB was 7.0994, an increase of 69 points. The median price for the previous trading day was 7.1063. CITIC Securities: The downsizing has slowed as scheduled, and the Fed's interest rate cut will still have to wait until the CITIC Securities Research Report pointed out that the Federal Reserve's May 2024 interest rate meeting will maintain the target range of the federal funds rate at 5.25%-5.5%. There was a major change in the statement at this meeting, and it was announced that the downsizing process would begin in June. Powell's speech was generally neutral, pointing out that the Federal Reserve's next move is unlikely to raise interest rates. CITIC Securities believes that until the US unemployment rate rises above 4%, the focus of the Federal Reserve's policy will still prevail
The Market Doesn't Like What It Sees From CITIC Securities Company Limited's (SHSE:600030) Earnings Yet
CITIC Securities Company Limited's (SHSE:600030) price-to-earnings (or "P/E") ratio of 15x might make it look like a strong buy right now compared to the market in China, where around half of the comp
CITIC Securities (600030.SH) and Haitong Securities (600837.SH) were fined a total of more than 30 million yuan by the China Securities Regulatory Commission for illegal participation in excessive and short arbitrage
CITIC Securities (600030.SH) and Haitong Securities (600837.SH) announced the receipt of China Securities...
Citic Securities Adjusts Price Target on Alphabet to $190 From $175, Keeps Buy Rating
Alphabet (GOOGL) has an average rating of outperform and a price target range of $143 to $225, according to analysts polled by Capital IQ. Price: 168.04, Change: +0.14, Percent Change: +0.08
UBS: Maintaining CITIC Securities' “Buy” Rating and Lowering Target Price to HK$21.7
UBS released a research report stating that it maintained the “buy” rating of CITIC Securities (06030) and lowered the 2024-2026 net profit forecast by 24% to 33% because the bank lowered assumptions about industry trading volume based on market and industry trends since the beginning of the year, and the target price dropped from HK$23.5 to HK$21.7 accordingly. According to the report, the company's net profit for the first quarter was 5 billion yuan, down 8% year on year. The decline was less than the industry average. The main reason was that the company's IPO market share rose 5 percentage points year on year to 21%; on a high basis, investment income in the first quarter fell only 18% year on year. The bank's phase
CITIC Securities: Target price of HK$7 for “increase in holdings” rating for Bank of Communications
CITIC Securities released a research report stating that it gave Bank of Communications (03328) an “increase in holdings” rating. The increase in interest business volume in the first quarter was stable, rather than the convergence of credit impairment to support profit expansion, and the annual operating performance is expected to be ahead of its peers. Due to better-than-expected results for the first quarter, the earnings estimates per share for 2025 and 26 were raised to RMB 1.21 and RMB 1.29, respectively, with a target price of HK$7. According to the report, Bank of Communications's revenue for the first quarter fell 0.03% year on year to 67.06 billion yuan, and net profit increased 1.44% to 24.99 billion yuan. Net interest income increased 2.24% year over year, which was significantly higher than the total
Major Bank Ratings | UBS: Lowering CITIC Securities Target Price to HK$21.7 to Maintain “Buy” Rating
According to a report published by UBS, CITIC Securities' net profit for the first quarter was 5 billion yuan, down 8% from year to year. The decline was less than the industry average. The main reason was that the company's IPO market share increased by 5 percentage points to 21% year over year; on a high basis, investment income in the first quarter fell only 18% year on year. The bank believes that the company has a long-term competitive advantage in fields such as investment banking and derivatives/asset management. Maintain a “buy” rating. UBS lowered CITIC Securities' net profit forecast for 2024 to 2026 by 24% to 33% because the bank lowered assumptions such as industry trading volume based on market and industry trends since the beginning of the year, and the target price
UBS: Maintaining CITIC Securities's (06030) “Buy” Rating and Lowering Target Price to HK$21.7
UBS lowered CITIC Securities's (06030) 2024-2026 net profit forecast by 24% to 33%.
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