On June 12, HTSC rose 3.37% in regular trading, trading at HK$17.19/share, with turnover of HK$67.79 million. The stock advanced alongside a broad rally in the Investment Banking & Brokerage sector.
On the news front, 21 leading brokerages including CITIC Securities, CICC, China Merchants Securities, and CSC Financial recently issued research reports unanimously assigning buy or overweight ratings, with a consensus A-share target price of RMB 25.7, making HTSC one of the highest-conviction names in the sector. The company reported Q1 revenue of RMB 10.42 billion and net profit of RMB 4.8 billion, representing year-over-year growth of 41.48% and 31.79% respectively, with brokerage, investment banking, and proprietary trading all accelerating. Institutional consensus projects full-year net profit of approximately RMB 19.3 billion, up 17.8% year-over-year. Additionally, the company completed a RMB 4 billion perpetual subordinated bond issuance at a coupon rate of 1.95%, achieving 2.51x oversubscription, reflecting strong institutional demand.
Within the sector, CICC rose 5.03%, CITIC SEC rose 5.01%, CMSC rose 5.17%, and CGS rose 4.09%.
(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.)
Comments