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%.
Citic Securities Starts Amer Sports With Buy Rating, $20 Price Target
Amer Sports (AS) has an average rating of buy and price targets ranging from $16 to $23, according to analysts polled by Capital IQ.
CITIC Securities (06030): CITIC Securities International guarantees the issuance of 37 million yuan medium-term notes 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 April 26, 2024, the issuer issued a note under the winning ticket plan, with an issuance amount of RMB 37 million. After this release, the issuer plans to win the vote
Goldman Sachs: Maintaining CITIC Securities' “Neutral” Rating and Raising the Target Price to HK$13.81
Goldman Sachs released a research report stating that it raised the target price of CITIC Securities (06030) from HK$13.43 to HK$13.81 by 2.8% to maintain a “neutral” rating. Goldman Sachs noted that CITIC Securities' core business revenue for the first fiscal quarter was in line with the bank's expectations, while far higher than expected cost savings led to net profit exceeding expectations. Overall, the bank believes that CITIC Securities' net profit for the first fiscal quarter was better than expected. As a result, the bank lowered the group's estimated costs and raised the 2024-25 net profit forecast by 3%. Goldman Sachs said that the upward risks of CITIC Securities are improving the capital market and driving core business growth, respectively, and further results that are greater than expected
Goldman Sachs: Maintaining the “neutral” rating of CITIC Securities (06030) and raising the target price to HK$13.81
The Zhitong Finance App learned that Goldman Sachs released a research report stating that it raised the target price of CITIC Securities (06030) by 2.8% to HK$13.81 from HK$13.43 to maintain a “neutral” rating. Goldman Sachs noted that CITIC Securities' core business revenue for the first fiscal quarter was in line with the bank's expectations, while far higher than expected cost savings led to net profit exceeding expectations. Overall, the bank believes that CITIC Securities' net profit for the first fiscal quarter was better than expected. As a result, the bank lowered the group's estimated costs and raised the 2024-25 net profit forecast by 3%. Goldman Sachs said that the upward risks of CITIC Securities are improving the capital market and driving core business growth, respectively, and
Gelonghui Announcement Selected (Hong Kong Stock) | Air China (00753.HK) plans to purchase 100 C919 aircraft for approximately US$10.80 billion
[Today's Focus] Air China (00753.HK) announced that it plans to purchase 100 C919 aircraft for about US$10.80 billion, Air China (00753.HK) announced that on April 26, 2024, the company and COMAC signed a COMAC aircraft purchase agreement. Based on this, the company agreed to purchase COMAC aircraft from COMAC. The aircraft to be purchased are 100 C919 aircraft (extended-range type). According to the latest catalogue price provided by COMAC, the total basic price of COMAC's aircraft to be purchased by the company is approximately US$10.80 billion. This transaction is in line with the company's development plans and market needs.
Citic Securities 1Q Net CNY4.96B, Down 8.5% on Year >6030.HK
Citic Securities 1Q Net CNY4.96B, Down 8.5% on Year >6030.HK
Citic Securities 1Q Rev CNY13.75B, Down 10% >6030.HK
Citic Securities 1Q Rev CNY13.75B, Down 10% >6030.HK
中信証券:二零二四年第一季度業績報告
Trending Industry Today: GUOLIAN SEC Leads Gains In China-Affiliated Brokerage Stocks
April 26th - The industry of $China-Affiliated Brokerage(BK1243.HK)$ is trending higher today with 15 constituents up and GUOLIAN SEC leading Gains.$GUOLIAN SEC(01456.HK)$ soars 22.37% to HK$3.61 with
中信証券:2023 年度報告
Datang New Energy completed the issuance of 1 billion yuan of renewable corporate bonds
Datang New Energy (01798) announced that on April 15, 2024, the company completed the public offering of the company's 2024 renewable corporate bonds (second instalment) and received the capital raised for the current issue. The final issuance scale of this issue of corporate bonds is RMB 1 billion, with a base period of 3 years, a face value of RMB 100, and an issuance interest rate of 2.53%. The starting date is April 15, 2024. CITIC Securities Co., Ltd. is the lead underwriter for this issue of the corporate bonds, with China International Finance Corporation Limited, Orient Securities Underwriting and Sponsorship Co., Ltd., and CITIC Construction Investment Securities
DBS: Maintaining CITIC Securities' “Buy” Rating and Lowering Target Price to HK$16.5
DBS released a research report stating that while maintaining the “buy” rating of CITIC Securities (06030), the target price was lowered from HK$19 to HK$16.5 to reflect weak investment banking activity. The company has a leading position in all major businesses, diversified development and stable profitability. Expanding overseas business also helps mainland enterprises and investors connect with other markets, and has a good market position. The bank said it will lower CITIC Securities' profit forecast for this year and next two years by 4% and 2%, respectively, to reflect the decline in investment banks' revenue under the increased supervision of new stock issuance in the Mainland, but this was partially offset by reduced employee costs. The second half is estimated
DBS: Maintaining CITIC Securities's (06030) “Buy” Rating and Lowering Target Price to HK$16.5
DBS lowered CITIC Securities (06030)'s profit forecast for this year and next two years by 4% and 2%, respectively.
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