Gelonghui, April 25 | Guangfa Securities Research Report pointed out that Oriental Wealth (300059.SZ)'s quarterly results were in line with expectations, and self-employment contributions increased. The company's card is a traffic gateway for the development of the wealth management industry. The company has a traffic+commercialization scenario, and has long been optimistic that Dongcai will benefit from increased R&D and efficiency improvements brought about by AI technology innovation. Considering that all three stages of the public fund rate reform are expected to be implemented within the year, the company's net profit from 2024-2025 is expected to be 8.788 billion yuan and 9.584 billion yuan. Referring to the company's historical valuation center, considering the company's increasing profit model, the company will be valued at 30xPE in 2024, corresponding to a reasonable value of 16.63 yuan/share, and maintain an “increase in holdings” rating.
研报掘金丨广发证券：东方财富Q1业绩符预期，维持“增持”评级
Research Report Nuggets丨GF Securities: Dongfang Wealth's Q1 performance met expectations and maintained an “increase in holdings” rating
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