On July 23, CSC rose 3.28% in regular trading, trading at HKD 12.57/share, with turnover of HKD 84.81 million. The stock extended its multi-day rally driven by a combination of institutional accumulation and strong earnings guidance.
On the news front, the company previously issued a positive profit alert, forecasting H1 attributable net profit of RMB 7.214 billion to RMB 8.116 billion, representing a 60% to 80% year-over-year increase, with all business segments contributing to the improvement. Additionally, E Fund Management recently acquired 4.797 million H shares at approximately HKD 12.21 per share, signaling institutional confidence. The brokerage sector currently trades at a PB of just 1.20x, sitting at the 17.1% percentile of its 10-year historical range, reinforcing the valuation repair thesis.
Within the Investment Banking and Brokerage sector, peers also posted gains: GF SEC up 3.41%, CICC up 2.8%, CITIC SEC up 2.57%, HTSC up 1.57%, and CGS up 1.31%.
(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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