Movement Alert|Huatai Securities Rises 3.18% in Regular Trading, H1 Profit Forecast Up 50%-55% Hitting Record High

Market Focus07-15

On July 15, Huatai Securities rose 3.18% in regular trading, trading at HK$16.9/share, with turnover of HK$104 million.

On the news front, the company released a positive profit alert on July 14, forecasting H1 attributable net profit of RMB 11.324 billion to RMB 11.702 billion, representing a year-over-year increase of 50% to 55% compared with RMB 7.55 billion in the prior-year period. Excluding non-recurring items, net profit is expected to reach RMB 11.333 billion to RMB 11.706 billion, up 52% to 57% year-over-year, marking a record high for the same period. The company attributed the strong performance to significantly higher revenue across its major segments, including wealth management, institutional services, investment management, and international business.

The broader brokerage sector rallied in tandem, with CICC up 5.21%, CSC up 4.81%, CGS up 4.13%, and CITIC Securities up 2.71%, reflecting continued optimism around strong Q2 earnings visibility and favorable policy tailwinds for Chinese securities firms.

(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