Gelonghui, May 24 | Haitong Securities Research Report pointed out that due to market fluctuations, China Galaxy (601881.SH) brokerage business was under pressure in the first quarter, and revenue from its own business declined. The investment banking business has performed well in bond underwriting. The asset management business has been consolidated into a public offering. Revenue has declined slightly over the same period last year, and the scale of active management continues to rise. The reasonable value range is 13.59-14.56 yuan, maintaining the “superior to the market” rating. The company's equity investment business adheres to the purpose of “low risk + absolute return”. Among them, the dividend strategy achieved good investment results and contributed to the company's stable performance and increase in net assets.
研报掘金丨海通证券：维持中国银河“优于大市”评级，目标价13.59-14.56元
Research Nuggets丨Haitong Securities: Maintaining China Galaxy's “superior to the market” rating, the target price is 13.59-14.56 yuan
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