Movement Alert|China Galaxy Securities Rises 3.04% in Regular Trading, Brokerage Sector Rallies on Strong Q2 Earnings Expectations

Market Focus
Jul 09

On July 9, China Galaxy Securities rose 3.04% in regular trading, trading at HK$7.46/share, with turnover of approximately HK$99.35 million. The brokerage sector continued its strong upward momentum, with peers CMSC gaining 5.64%, CAM CSI300 up 2.34%, GOFINTECH QUANT up 2.14%, CICC up 1.19%, and CITIC Securities up 1.17%.

On the industry front, Guotai Junan previously issued H1 earnings guidance projecting net profit attributable to shareholders of RMB 20-20.5 billion, representing a YoY surge of 164%-171% and marking a record semi-annual high since listing. Listed brokerages collectively posted 16.5% YoY growth in Q1 net profit, and the market has formed consensus expectations for continued high growth in Q2, reinforcing the sector high-prosperity outlook. Additionally, the company recently announced a cash dividend of RMB 0.225 per share totaling approximately RMB 2.46 billion, with ex-dividend date set for July 14.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10