[ET Net News Agency, 13 September 2019] Morgan Stanley lowered its target price for
China Merchants Securities (CMSC)(06099) to HK$10.71 from HK$11.63 and maintained its
"equal-weight" rating.
The research house noted that CMSC's solid position serving institutional clients with
leading prime brokerage platform. The high CSRC rating, which reflects good risk
management and internal controls, should continue to benefit CMSC.
Its asset management supported by multiple platforms and group synergies. (KL)