Movement Alert|GF Securities Rises 3.64% in Regular Trading, Strong H1 Earnings Forecast Coupled with Brokerage Sector Rally

Market Focus07-20

On July 20, GF Securities rose 3.64% in regular trading, trading at 17.43 HKD/share, with turnover of approximately 23.08 million HKD. The rally was driven by the company's recently disclosed H1 earnings forecast alongside broad-based strength in the brokerage sector.

GF Securities announced that it expects H1 net profit attributable to shareholders of 11.0–12.0 billion RMB, representing year-over-year growth of 70%–85%. Earnings per share are projected to rise from 0.79 RMB in the prior-year period to 1.34–1.47 RMB. The company attributed the strong performance to favorable capital market conditions, with core business lines including wealth management, trading and institutional services, investment management, and investment banking all achieving year-over-year revenue growth. Q2 net profit alone is estimated at 6.29–7.29 billion RMB, implying 33%–54% sequential growth from Q1.

Within the Investment Banking and Brokerage sector, peers rallied in sympathy, with CITIC Securities up 3.97%, CGS up 3.14%, CICC up 2.95%, CAM CSI300 up 2.56%, and Guotai Junan International up 1.95%.

(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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