On June 29, China Merchants Securities (06099.HK) rose 3.01% in regular trading, reaching HKD 17.55/share with turnover of HKD 39.1 million.
On the news front, the company held its annual general meeting on June 26 and approved a final dividend of HKD 5.16 per 10 shares for the fiscal year ended December 2025, to be distributed on August 10. Meanwhile, the brokerage sector rallied broadly, with CICC up 3.51%, CITIC Securities up 3.01%, and CSC up 2.26%.
Adding to sector momentum, multiple brokerages have seen their subordinated bond credit ratings upgraded from AA+ to AAA in recent weeks, reflecting strengthening capital positions across the industry. China Merchants Securities reported Q1 net profit attributable to shareholders growing 42% year-over-year, with notable improvement in proprietary trading. Institutions believe the sector still has 15%-46% PE recovery potential after two years of valuation dislocation.
(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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