JPMorgan Raises CITIC Securities Target to HK$29.6 After Strong Q1 Earnings

Stock News04-20

JPMorgan has issued a research report increasing its net profit forecasts for CITIC Securities (06030) for 2026 through 2028 by 6%, 6%, 6%, and 7% respectively, reflecting the strong business momentum seen in the first quarter. The investment bank has raised its target price for the H-shares from HK$25.3 to HK$29.6. For the A-shares (600030.SH), the rating was upgraded from "Neutral" to "Overweight," with the target price lifted from RMB 26.8 to RMB 33. CITIC Securities' preliminary first-quarter results significantly exceeded market expectations. The firm anticipates that CITIC Securities' operational performance will outpace its peers, supporting near-term share price performance. Data from April indicates the company has gained market share in both A-share and H-share IPO markets, which is expected to alleviate investor concerns over its slow start earlier in the year. The report notes that positive trends are likely to continue. Firstly, international business is benefiting from rising client demand and activity, showing robust growth momentum. CITIC Securities is the second-highest among its peers in terms of overseas revenue contribution and is well-positioned to benefit from this trend. Secondly, with increasing regulatory support and growth in assets under management and activity from institutional clients, the recovery in institutional business is expected to persist, benefiting leading brokers like CITIC Securities.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1179271401?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-20 16:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1179271401","market":"fut","top_or_hot":-1,"title":"JPMorgan Raises CITIC Securities Target to HK$29.6 After Strong Q1 Earnings","media":"Stock News","content":"<p>JPMorgan has issued a research report increasing its net profit forecasts for CITIC Securities (06030) for 2026 through 2028 by 6%, 6%, 6%, and 7% respectively, reflecting the strong business momentum seen in the first quarter. The investment bank has raised its target price for the H-shares from HK$25.3 to HK$29.6. For the A-shares (600030.SH), the rating was upgraded from \"Neutral\" to \"Overweight,\" with the target price lifted from RMB 26.8 to RMB 33. CITIC Securities' preliminary first-quarter results significantly exceeded market expectations. The firm anticipates that CITIC Securities' operational performance will outpace its peers, supporting near-term share price performance. Data from April indicates the company has gained market share in both A-share and H-share IPO markets, which is expected to alleviate investor concerns over its slow start earlier in the year. The report notes that positive trends are likely to continue. Firstly, international business is benefiting from rising client demand and activity, showing robust growth momentum. CITIC Securities is the second-highest among its peers in terms of overseas revenue contribution and is well-positioned to benefit from this trend. Secondly, with increasing regulatory support and growth in assets under management and activity from institutional clients, the recovery in institutional business is expected to persist, benefiting leading brokers like CITIC Securities.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan Raises CITIC Securities Target to HK$29.6 After Strong Q1 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Raises CITIC Securities Target to HK$29.6 After Strong Q1 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-04-20 16:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JPMorgan has issued a research report increasing its net profit forecasts for CITIC Securities (06030) for 2026 through 2028 by 6%, 6%, 6%, and 7% respectively, reflecting the strong business momentum seen in the first quarter. The investment bank has raised its target price for the H-shares from HK$25.3 to HK$29.6. For the A-shares (600030.SH), the rating was upgraded from \"Neutral\" to \"Overweight,\" with the target price lifted from RMB 26.8 to RMB 33. CITIC Securities' preliminary first-quarter results significantly exceeded market expectations. The firm anticipates that CITIC Securities' operational performance will outpace its peers, supporting near-term share price performance. Data from April indicates the company has gained market share in both A-share and H-share IPO markets, which is expected to alleviate investor concerns over its slow start earlier in the year. The report notes that positive trends are likely to continue. Firstly, international business is benefiting from rising client demand and activity, showing robust growth momentum. CITIC Securities is the second-highest among its peers in terms of overseas revenue contribution and is well-positioned to benefit from this trend. Secondly, with increasing regulatory support and growth in assets under management and activity from institutional clients, the recovery in institutional business is expected to persist, benefiting leading brokers like CITIC Securities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1564","symbol_name":"中资券商股","start_time":0,"source_url":"","article_id":"1179271401","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179271401","pubTimestamp":1776674663,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"JPMorgan has issued a research report increasing its net profit forecasts for CITIC Securities (06030) for 2026 through 2028 by 6%, 6%, 6%, and 7% respectively, reflecting the strong business...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1564":"中资券商股","BK1516":"腾讯概念","LU1720050803.USD":"安联全方位中国股票基金","EWH":"香港ETF-iShares MSCI","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","BK1521":"挪威政府全球养老基金持仓","BK1147":"投资银行业与经纪业","06030":"中信证券"},"translate_title":"第一季度盈利强劲后，摩根大通将中信证券目标上调至29.6港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWH":1,"06030":1},"content_text":"JPMorgan has issued a research report increasing its net profit forecasts for CITIC Securities (06030) for 2026 through 2028 by 6%, 6%, 6%, and 7% respectively, reflecting the strong business momentum seen in the first quarter. The investment bank has raised its target price for the H-shares from HK$25.3 to HK$29.6. For the A-shares (600030.SH), the rating was upgraded from \"Neutral\" to \"Overweight,\" with the target price lifted from RMB 26.8 to RMB 33. CITIC Securities' preliminary first-quarter results significantly exceeded market expectations. The firm anticipates that CITIC Securities' operational performance will outpace its peers, supporting near-term share price performance. Data from April indicates the company has gained market share in both A-share and H-share IPO markets, which is expected to alleviate investor concerns over its slow start earlier in the year. The report notes that positive trends are likely to continue. Firstly, international business is benefiting from rising client demand and activity, showing robust growth momentum. CITIC Securities is the second-highest among its peers in terms of overseas revenue contribution and is well-positioned to benefit from this trend. Secondly, with increasing regulatory support and growth in assets under management and activity from institutional clients, the recovery in institutional business is expected to persist, benefiting leading brokers like CITIC Securities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1179271401","isCrawlerRequest":true}