GF Securities Expects Up to 85% Rise in H1 Profit; Hong Kong Shares Rise 4%

MT Newswires Live

07/15

GF Securities (HKG:1776, SHE:000776) forecasts a 70% to 85% rise in its net attributable profit to between 11 billion yuan and 12 billion yuan in the first half from 6.47 billion yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.

The brokerage expects earnings per share to rise to between 1.34 yuan and 1.47 yuan from 0.79 yuan a year earlier.

GF Securities attributed the expected rise to higher revenue in its wealth management, trading and institution, investment management, and investment banking businesses.

Shares rose 4% in Hong Kong and 2% in Shenzhen during morning trading on Wednesday.

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