On September 30, GTHT rose 3.26% in regular trading, trading at 15.17 HKD/share, with turnover of HKD 258 million. The stock led gains in the Investment Banking and Brokerage sector, outperforming peers including CICC (+2.4%), CITIC SEC (+0.41%), GF SEC (+0.35%), GOFINTECH QUANT (+0.31%), and CGS (+0.14%).
Multiple positive factors appear to be converging. Xinhua Life Insurance recently increased its stake in GTHT, purchasing approximately 14.88 million shares at an average price of HKD 14.9176 on September 16, lifting its long position to 19.07% from 18.65%, involving approximately HKD 222 million. Additionally, GTHT's own research division noted that Q3 earnings growth for the brokerage sector carries strong certainty, with profits expected to remain elevated, driven by technology investment gains, international business expansion, and wealth management momentum. The firm highlighted improving ROE sustainability for leading brokers.
Fundamentally, the broader sector PB valuation has retreated to the 11.77th percentile over the past five years, forming a notable mismatch with fundamentals. GTHT itself reported H1 net profit of RMB 20.26 billion, up 28.74% year-over-year, while its brokerage fee income surged 73.41%, ranking among the fastest-growing in the industry.
(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.)