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<Research>CCBI Elevates TPs for CN Brokers; Top Picks CITIC SEC/ HTSC/ CGS
Recommend 7 Positive 14 Negative 5 |
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CCBI has issued a research report raising its target prices for Chinese brokers by 33-100% to reflect the heightened market sentiment. In addition to the Chinese government's shift towards supporting economic growth, the rescue measures for the A-share market have also been welcomed by the market. As a result, Chinese brokers have significantly outpaced the MSCI China Index since mid-September. CCBI's top picks were CITIC SEC (06030.HK), HTSC (06886.HK), and CGS (06881.HK) as it believed these companies are in a favorable position to benefit from any upside surprises in the A-share market. Details of the target prices raised by CCBI for Chinese brokers' H-shares are available in a separate table. AAStocks Financial News |
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