On July 21, CSC Financial rose 3.16% in regular trading, trading at HKD 12.09 per share, with turnover of HKD 24.33 million. The rally is driven by the company's recently issued profit alert and ongoing sector valuation recovery.
CSC Financial previously announced it expects first-half attributable net profit of RMB 7.214 billion to RMB 8.116 billion, representing a year-over-year increase of 60% to 80% from RMB 4.51 billion in the prior year period. The company attributed the strong performance to comprehensive improvement across all business segments. Additionally, deducting non-recurring items, net profit is expected to reach RMB 7.339 billion to RMB 8.241 billion, up 64% to 84% year-over-year.
The brokerage sector's price-to-book ratio currently stands at just 1.20x, sitting at the 17.1% historical percentile over the past decade. The resonance between strong interim earnings growth and depressed valuations has highlighted the sector's allocation value. Peers broadly strengthened on the day, with CITIC Securities up 3.59%, Guotai Junan International up 2.82%, China Galaxy up 2.39%, and CICC up 2.03%.
(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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