Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03908 CICC
RTNominal up9.280 +0.140 (+1.532%)
Research Report

10/10/2019 11:03

{I-bank focus}HSBC lifts CICC (03908) to HK$21; "buy

[ET Net News Agency, 10 October 2019] HSBC Global Research lifted its target price for
CICC (03908) to HK$21 from HK$20 and maintained its "buy" rating.
The research house said CICC recorded net profit growth of 16% in 1H. Its staff cost
increased by 25%, probably reflecting its expansion strategy. With a little legacy from
SLP (stock-pledged lending) business, its impairment loss was much lower than peers.
Looking forward, HSBC believes its investment banking business and asset management will
continue to progress, while integration with CISC (China Investment Securities Company)
holds the key to growing the wealth management business. However, its noticeably higher
leverage (6.3x versus 3-4x of peers) could limit its ROE expansion. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.