[ET Net News Agency, 3 June 2020] Morgan Stanley lowered its target price for CITIC
Securities (06030) to HK$19.64 from HK$22.23 and maintained its "overweight" rating.
The research house sees CITIC as having the strongest investment capabilities, evidenced
by its consistent above-peer investment returns. Morgan also likes CITIC, given its strong
IB franchise, and as it is a likely key beneficiary amid reforms.
Morgan believes that CITIC is likely a key beneficiary of capital market reforms with
balanced and top-ranked business setup. It has a strong institutional client base, solid
investment banking pipeline. The Guangzhou Securities acquisition helps expand its reach
in southern China. (KL)
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06030 CITIC SEC
Nominal 
12.340 +0.800 (+6.932%) Others
03/06/2020 16:57
{I-bank focus}Morgan cuts CITIC Sec (06030) to HK$19.64
| Remark: | Real time quote last updated: 26/04/2024 15:55 |
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