Movement Alert|CICC Rises 3.29% in Regular Trading, Three-in-One Merger Accepted by CSRC Plus Strong H1 Earnings Forecast

Market Focus07-22 10:34

On July 22, China International Capital Corporation (CICC) rose 3.29% in regular trading, trading at HKD 22.52/share, with turnover of HKD 137 million.

The rally was driven by multiple catalysts. CICC's proposed share-swap absorption merger of Dongxing Securities and Cinda Securities — the securities industry's first three-way consolidation — has been formally accepted by the China Securities Regulatory Commission, marking the deal's entry into the regulatory review stage. Meanwhile, the company disclosed an H1 earnings pre-announcement projecting net profit attributable to shareholders of RMB 7.71 billion to RMB 8.23 billion, representing year-over-year growth of 78% to 90%. Its wholly-owned subsidiary CICC Wealth posted H1 net profit of approximately RMB 2.39 billion on operating revenue of RMB 6.14 billion.

Within the Investment Banking & Brokerage sector, CSC rose 3.68%, HTSC rose 1.22%, CGS rose 0.91%, CITIC SEC rose 0.35%, while GTHT edged down 0.13%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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