JF SMARTINVEST (09636) surged over 10% during intraday trading, reaching a new historical high of HK$82.6. As of press time, the stock was up 6.48% at HK$79.65, with trading volume of HK$476 million.

On the news front, A-share market trading volume has exceeded 2 trillion yuan for consecutive days recently, while margin financing balance has returned above 2 trillion yuan for the first time in ten years. Guoyuan Securities suggests investors focus on the long-term development logic of capital markets and pay particular attention to leading companies in the fintech industry. Kaiyuan Securities indicates that sustained increases in market trading activity, along with margin financing expansion, proprietary equity position increases, and strong overseas business performance, are expected to drive securities firms' earnings beyond expectations. The firm recommends fintech themes among others.

Cinda Securities points out that the retail securities investment advisory market has broad potential, with growing demand as household wealth accumulates. Meanwhile, the company has deeply capitalized on the short video traffic trend, with business model innovation driving high-trajectory growth. Additionally, the company's new placement round targeting stablecoins and RWA is expected to open up a second growth curve.

The firm believes that as a leading enterprise in the financial technology and services industry, the company has rapidly opened up the market with its innovative and efficient business model and solid investment education content, and is positioned to continuously benefit from future wealth growth among domestic retail investors.