Gelonghui, Feb. 7 | BOC International published a research report to reduce the target price of Haitong Securities by 16% from HK$5 to HK$4.2 based on a net market ratio of 0.3 times in 2024 to maintain a “neutral” investment rating. According to the bank, the company expects a single quarter loss of 3.35 billion to 3.44 billion yuan in the fourth quarter, which is significantly higher than the bank's and market expectations. The bank adjusted the profit forecast based on the performance report, lowered the investment income assumption, and raised the credit impairment loss assumption. The profit in 2024 is expected to pick up from the low point in 2023.
大行评级｜交银国际：下调海通证券目标价至4.2港元 维持“中性”评级
Bank Rating | BOC International: Lowering the target price of Haitong Securities to HK$4.2 to maintain a “neutral” rating
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