[ET Net News Agency, 18 May 2020] Huatai Research initiated coverage on Haitong
Securities (06837) with a "buy" rating and target price of HK$9.48.
The research house said deemed Haitong its top pick in the sector. It noted Haitong's
strong market position and diversification support solid and stable ROE performance. In
addition, its potential A-share placement could strengthen the balance sheet. The stock is
also trading at an attractive valuation.
In seeking potential winners, Huatai looks to companies with a strong market position,
healthy growth momentum, improved capital returns, resilient balance sheet, prudent risk
management, and sound corporate governance. (KL)