[ET Net News Agency, 10 January 2018] Nomura Research tweaked its target price for
Huatai Securities (HTSC)(06886) to HK$24.89 from HK$24.83, and maintained its "buy"
rating.
The research house noted HTSC's leadership position in the main business in the first 11
months of 2017, with its brokerage business still at the #1 position with 7.8% market
share, given its low commission rate of around 2bp, down from 8.9% in FY2016, given
increased competition and higher retail percentage in the trading mix.
Nomura said HTSC contains a large base of clients due to the strong market share in the
brokerage business since FY2014. It thinks HTSC has the advantage to speed up its wealth
management business development by selling products to customers. (KL)
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06886 HTSC
Nominal 
8.360 -0.040 (-0.476%) Others
10/01/2018 15:33
[I-bank focus]Nomura tweaks HTSC (06886) to HK$24.89
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