Movement Alert|CSC Financial Rises 3.04% in Regular Trading, H1 Profit Forecast of 60%-80% Growth Drives Rebound Amid Sector Low Valuation

Market Focus07-20

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment