[ET Net News Agency, 13 September 2019] Morgan Stanley resumed coverage on Huatai
Securities (HTSC)(06886) with an "overweight" rating and target price of HK$15.1.
The research house favors its better-than-peers' technology and commitment to business
reform in wealth management. It believes that reform initiatives on wealth and asset
management business could also boost ROE Strong technology platform.
Morgan said the HTSC's H-shares are trading at 0.8x 2020 P/B, relatively attractive
versus A-shares at 1.4x. (KL)