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RTNominal up7.160 +0.130 (+1.849%)

04/09/2019 17:18

{I-bank focus}UBS cuts Haitong Securities (06837) to HK$12.6

[ET Net News Agency, 4 September 2019] UBS Global Research lowered its target price for
Haitong Securities (HTS)(06837) to HK$12.6 from HK$13.8 mostly on Rmb FX rate and
maintained its "buy" rating.
The research house said HTS's 1H NPAT of Rmb5.5bn was in-line with monthly disclosure.
UBS believes HTS's overseas expansion has progressed well, with Haitong International's
overseas equity and bond underwriting business remaining in a leading position in Hong
UBS left its earnings forecast largely unchanged. (KL)

Remark: Real time quote last updated: 09/04/2020 17:59
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