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06030 CITIC SEC
RTNominal down11.580 -0.040 (-0.344%)
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20/07/2020 11:44

{I-bank focus}Morgan ups CITIC Securities (06030) to HK$21.4

[ET Net News Agency, 20 July 2020] Morgan Stanley raised its target price for CITIC
Securities (CITICS)(06030) to HK$21.4 from HK$19.64 and maintained its "overweight"
rating.
The research house said CITICS is likely to be a key beneficiary of capital market
reforms, with a balanced and top-ranked business setup. It also has a strong institutional
client base, and a solid investment banking pipeline.
CITICS' trading capabilities that deliver consistent above-peer yields. The Guangzhou
Securities acquisition is expected to help expand its reach in southern China. (KL)

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