Morgan Stanley believes that the stock price of CITIC SEC (06030) will rise in the next 30 days.
According to Zhito Finance APP, Morgan Stanley released a research report stating that it believes the stock price of CITIC SEC (06030) will rise in the next 30 days. The bank estimates that there is a 70% to 80% chance of this scenario happening. Morgan Stanley has given CITIC SEC a "perform in line with the market" rating with a Target Price of 21.2 Hong Kong dollars.
The bank pointed out that the company's rising momentum is mainly supported by the potentially market-boosting tone of supportive policies before the domestic economic work conference, which should lead to a rebound in daily trading volume and increase market leverage. The bank believes that CITIC SEC is a high-quality and widely recognized Brokerage, and it will be in a good position to consolidate its market share when activities in the Capital Markets increase.