Movement Alert｜CITIC SEC Falls 3.03% in Regular Trading, Earnings Wait-and-See Mood Pressures Shares

Market Focus10-22

On October 22, CITIC SEC fell 3.03% in Regular Trading, trading at HK$20.44, with turnover of HK$168 million.

The main catalyst was a pre-earnings wait-and-see mood ahead of the company’s third-quarter results due on October 26 and its online briefing on October 27, while the broader Chinese brokerage sector also traded weak.

Market consensus currently expects quarterly revenue of about RMB23.473 billion, up 22.78% year on year, adjusted EPS of about RMB0.72, up 47.94%, and EBIT of about RMB14.436 billion, up 57.10%. Supporting context from recent market reports also pointed to pressure on third-quarter proprietary investment income on a quarter-on-quarter basis, contributing to cautious positioning across brokers including CICC, HTSC and CGS, which were also down during the session.

(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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