[ET Net News Agency, 21 July 2020] Huatai Research lifted its target price for China
Galaxy Securities (CGS)(06881) to HK$6.67 from HK$5 and maintained its "buy" rating.
The research house said CGS could be the largest beneficiary among Huatai's covered
brokers of better-than-expected stock market turnover. In 1H, CGS registered 45% growth in
unconsolidated net profit and 9.8% annualized ROE (return on equity). Huatai expects the
strength to continue in 2H, given potentially persistent buoyant A-share trading,
improving net interest margin, and a low base for revenue from its investment banking and
investment businesses.
Huatai lifted its 2020/21/22 net profit forecasts for CGS by 33%/37%/31%. (KL)
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06881 CGS
Nominal 
4.210 -0.060 (-1.405%) Others
21/07/2020 14:37
{I-bank focus}Huatai lifts CGS (06881) to HK$6.67; "buy"
| Remark: | Real time quote last updated: 20/09/2024 12:42 |
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