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RTNominal up1.310 +0.050 (+3.968%)

21/08/2019 18:01

{I-bank focus}HSBC cuts Guotai Junan Int'l (01788) to HK$1.9

[ET Net News Agency, 21 August 2019] HSBC Global Research lowered its target price for
Guotai Junan International (GTJA)(01788) to HK$1.9 from HK$2.3 and maintained its "buy"
The research house said GTJA's 1H results were strong compared with the sluggish stock
market in the period. HSBC believes the earnings growth is largely due to the recovery in
trading and market-making business, supported by a strong offshore bond market performance
this year.
The company's corporate finance business continued to strengthen in 1H, with respective
income up 35%. HSBC cut its 2019-21 earnings forecasts 11-19% based on higher impairment
charges and slower growth of loan balance. (KL)

Remark: Real time quote last updated: 13/12/2019 17:59
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