On June 12, Guotai Haitong rose 4.3% in regular trading, trading at HK$14.78/share, with turnover of HK$107 million. The stock extended its recent upward momentum amid continued market digestion of strong first-quarter results and broad-based strength across the brokerage sector.
On the news front, the company previously reported outstanding Q1 performance: revenue reached RMB 162 billion, up 59% year-over-year, while non-GAAP net profit attributable to shareholders hit RMB 57 billion, surging 73% YoY. Total assets stood at RMB 2.26 trillion with attributable net assets of RMB 336.4 billion, both maintaining the top position in the industry. Additionally, 20 institutions have issued ratings in the past 90 days, with 17 buy ratings and 3 overweight ratings, setting a consensus A-share target price of RMB 23.68.
Within the Investment Banking and Brokerage sector, peers posted broad gains, with CITIC SEC up 7.19%, CICC up 6.54%, CGS up 4.88%, HTSC up 4.09%, and CMBC Capital up 1.54%, reflecting a sector-wide positive sentiment.
(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