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Tianfeng: Ongoing policies are boosting confidence in the Brokerage Sector, and the Industry is likely to rise.
With the continuous release of policy dividends, Brokerages are expected to ride the wave.
Hong Kong Stock Concept Tracking | Fund managers increase positions to catch up with benchmark weights. The Brokerage Sector may welcome a reassessment of its value (with related stocks included).
Taking Banks as an example, if the allocation ratio of the Sector increases from 3.3% in the annual report to three scenarios of 5%, 7.5%, and 10%, it will respectively bring in additional funds of 50 billion yuan, 123.7 billion yuan, and 197.3 billion yuan.
Hong Kong stocks fluctuate | China-Affiliated Brokerage stocks surged in the afternoon. HOLLY FUTURES (03678) soared over 25%, and GF SEC (01776) rose over 8%.
China-Affiliated Brokerage stocks rose sharply in the afternoon. As of the time of writing, HOLLY FUTURES (03678) is up 25.16%, trading at 3.83 HKD; GF SEC (01776) is up 8.35%, trading at 11.68 HKD.
Insufficient Growth At China Merchants Securities Co., Ltd. (SHSE:600999) Hampers Share Price
China Merchants International: Raised the Target Price of Geely Autos to HKD 27.5, maintaining a "Shareholding" rating.
China Merchants International has released a Research Report stating that considering Geely Autos (00175) entering a sustained strong growth cycle, it awards a valuation premium of 10% relative to the historical average valuation, setting a PE of 17.6 times for 2025, while also raising earnings projections by 7%-8% and increasing the Target Price from HKD 23.2 to HKD 27.5, maintaining a "Shareholding" rating. The firm believes that the privatization of ZEEKR can not only reduce costs and enhance efficiency but also allow resources to be focused on the Hong Kong listed company. This is also bullish for the internal brand technology sharing, channel synergy, and product line complementarity of Geely Autos, reducing overall operating costs. The firm has raised the group's forecasts for 2025-2027.
Hong Kong stocks moved | China-Affiliated Brokerage shares led in gains as the central bank announced a reduction in reserve requirements and interest rates, and will expand the pilot scope for long-term investments by Insurance funds.
China-Affiliated Brokerages have seen significant gains. As of the time of reporting, China Merchants (06099) is up 4.41%, at 12.78 HKD; CITIC SEC (06030) is up 4.31%, at 20.55 HKD; SWHY (06806) is up 3.74%, at 2.22 HKD.
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