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国泰君安(香港):维持中金公司(03908)“买入”评级 目标价下调至24.25港元

Guotai Junan (Hong Kong): maintain China International Capital Corporation (03908) "buy" rating target price lowered to HK $24.25

Zhitong Finance ·  Jul 4, 2022 10:30

Zhitong Financial APP learned that Guotai Junan (Hong Kong) released a research report that maintained China International Capital Corporation's (03908) "buy" rating and expected 2022-23-24 earnings per share to be 21.7% to 2.158xpx 2.926pm compared with the same period last year, with a target price lowered from HK $28.63 to HK $24.25. The company's outstanding institutional business advantages and outstanding wealth management brands are expected to benefit from the continuous growth of asset management scale driven by residents' wealth management demand. The operating range of the A-share market may move up in the second half of 2022, and its profit growth is expected to rise under the condition that the amount of IPO financing in the A-share market will continue to grow relatively well.

The company's 2022Q1 operating income and shareholder net profit fell 14.5% year-on-year to 5071 / 1660 million yuan, while net income from fees and commissions increased 11.3% year-on-year, mainly due to an increase in investment banking revenue, the report said. In addition, the profit and loss of investment income and fair value changes fell sharply by 45.9% compared with the same period last year, mainly due to a decrease in net equity investment income.

The translation is provided by third-party software.


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