Changes in Hong Kong stocks | Chinese brokerage stocks are collectively rising, and brokers' mid-term performance forecasts are generally high, which is expected to drive the repair of current undervaluation

The Zhitong Finance App learned that Chinese brokerage stocks rose collectively. As of press release, CITIC Construction Investment Securities (06066) rose 4.29% to HK$12.15; CICC (03908) rose 3.6% to HK$21.88; GF Securities (01776) rose 3.3% to HK$17.22; and Shen Wan Hongyuan (06806) rose 3.19% to HK$2.59.

According to the news, a number of listed brokerage firms have recently announced Yingxi. The results for the first half of the year are expected to reach a record high for the same period. CITIC Securities, Cathay Pacific Haitong, China Merchants Securities, etc. expect net profit to exceed 10 billion yuan in the first half of the year. In terms of growth drivers, the various announcements are basically the same, mainly due to the steady, moderate and positive capital market activity, and a significant year-on-year increase in revenue from wealth management, investment transactions, investment banking, etc.

Guosheng Securities pointed out that as of the close of trading on July 10, the PB of the brokerage sector was only 1.20 times, at a historical low of 17.1% over the past ten years. Against the backdrop of continued active trading and simultaneous improvement in revenue from various businesses, the brokerage sector's performance is expected to continue to grow at a high rate. As structural market conditions are adjusted, capital pressure factors in the securities sector are also expected to ease, and the securities industry will continue to be positively optimistic.