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研报掘金丨光大证券:中信建投有望迎来估值和业绩的“双升”,维持H股“增持”评级

Research Report Nuggets 丨 Everbright Securities: CITIC Construction Investment is expected to usher in a “double increase” in valuation and performance, and maintain the “increase in holdings” rating of H shares

Gelonghui Finance ·  Sep 4, 2023 17:24
According to the Everbright Securities Research Report, CITIC Construction Investment (601066.SH) ranked at the top of the investment banking business in the first half of the year, and ROE continued to lead the industry. With the introduction of a package of favorable policies for active capital markets, it is conducive to promoting the overall stability of the A-share market. At the same time, as the company's leading listed brokerage firm, the trend of diversification of revenue will become more obvious in the future with the relaxation of leverage ratio management and innovative business development. Given that the current valuation of the brokerage sector is still at a historically low level, influenced by a combination of favorable policy factors, it is expected to usher in a “double rise” in valuation and performance. Maintain a “neutral” rating for A shares and maintain an “increase in holdings” rating for H shares.

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