CICC published a research report stating that HTSC (06886) recorded a 31% year-on-year increase in revenue to RMB16.2 billion in the first half of the year, with net profit attributable to shareholders rising 42% year-on-year to RMB7.55 billion. For the second quarter alone, net profit attributable to shareholders increased 29% year-on-year to RMB3.9 billion, meeting expectations. The firm noted that considering the improving market sentiment and sustained high trading activity, it has raised the company's earnings forecasts to RMB16.7 billion for this year and RMB19.5 billion for next year respectively. The target price has been increased by 25% to HK$23.7, with an "outperform" rating maintained.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.