Chinese Brokerages' Growing Return on Equity to Drive Stocks -- Market Talk

Dow Jones

05/05

0351 GMT - Chinese brokerages' growing return on equity is likely to drive their stocks higher, say Citi Research's Judy Zhang and Calvin Leung in a note. The brokerages covered by Citi posted strong revenue and net profit after tax growth in 1Q. These companies are likely seeing decent momentum in China-listed share underwriting activities and onshore mutual fund sales, the analysts note. They estimate the covered brokerages' return on equity to reach around 10% this year. "We believe strong [1Q] results showcase China [brokerages'] earnings resilience during market turbulence and re-rating potential on attractive valuations," they add. Citi's top sector pick is China International Capital Corp.'s Hong Kong stock. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 04, 2026 23:51 ET (03:51 GMT)

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The brokerages covered by Citi posted strong revenue and net profit after tax growth in 1Q. These companies are likely seeing decent momentum in China-listed share underwriting activities and onshore mutual fund sales, the analysts note. They estimate the covered brokerages' return on equity to reach around 10% this year. \"We believe strong [1Q] results showcase China [brokerages'] earnings resilience during market turbulence and re-rating potential on attractive valuations,\" they add. Citi's top sector pick is China International Capital Corp.'s Hong Kong stock. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 04, 2026 23:51 ET (03:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1501","symbol_name":"阿里概念股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633995720","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633995720","pubTimestamp":1777953060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0351 GMT - Chinese brokerages' growing return on equity is likely to drive their stocks higher, say Citi Research's Judy Zhang and Calvin Leung in a note. The brokerages covered by Citi posted strong revenue and net profit after tax growth in 1Q. These companies are likely seeing decent momentum in China-listed share underwriting activities and onshore mutual fund sales, the analysts note. They estimate the covered brokerages' return on equity to reach around 10% this year. \"We believe strong [1Q] results showcase China [brokerages'] earnings resilience during market turbulence and re-rating potential on attractive valuations,\" they add. Citi's top sector pick is China International Capital Corp.'s Hong Kong stock. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1501":"阿里概念股","BK1516":"腾讯概念","BK4215":"住宅房地产投资信托","LU0359201612.USD":"贝莱德中国基金A2","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK1564":"中资券商股","EQR":"Equity","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK1147":"投资银行业与经纪业","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","03908":"中金公司"},"translate_title":"中国券商不断增长的股本回报率推动股市上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03908":0.9,"EQR":1.5},"content_text":"0351 GMT - Chinese brokerages' growing return on equity is likely to drive their stocks higher, say Citi Research's Judy Zhang and Calvin Leung in a note. The brokerages covered by Citi posted strong revenue and net profit after tax growth in 1Q. 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