[ET Net News Agency, 20 July 2020] Morgan Stanley lifted its target price for Huatai
Securities (HTSC)(06886) to HK$16.62 from HK$15.43 and maintained its "equal-weight"
rating.
The research house said HTSC warrants a premium for retail wealth management strategy -
currently focused on AUM and client stickiness - combined with more advanced technology.
The company is likely to benefit from more business opportunities in the margin short
business. It also owns a strong technology platform. Its good client base among new
economy companies positions it as a beneficiary amid capital market reforms.
But more headwinds in H share may put pressure on HTSC's performance, such as current
sentiment and liquidity impact from the global COVID-19 situation. (KL)