On July 20, CSC Financial rose 3.04% in regular trading, trading at HKD 11.83/share, with turnover of HKD 15.45 million. The rally was driven by the company's recently issued positive profit alert and sector-wide low valuation repair.
On the news front, CSC Financial previously released a profit pre-announcement projecting H1 attributable net profit of RMB 7.214 billion to RMB 8.116 billion, representing a year-over-year increase of 60% to 80%, up from RMB 4.51 billion a year prior. The company attributed the strong performance to comprehensive improvement across all business segments. Meanwhile, the brokerage sector PB stands at just 1.20x, sitting at only the 17.1% percentile of its 10-year historical range, creating a resonance between strong earnings growth and depressed valuations.
Within the Investment Banking and Brokerage sector, peers rallied broadly, with CITIC SEC up 3.75%, CICC up 3.05%, CGS up 3.27%, and Guotai Junan International up 2.44%.
(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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