First Capital Securities (SHE:002797) forecasted an up to 183% jump in 2024 profit amid supportive government policies and capital market reforms.
Full-year attributable net profit is expected to range between 850 million yuan and 935 million yuan, or between 0.20 yuan per share and 0.22 yuan per share, up from 330.7 million yuan, or 0.08 yuan per share, the previous year, according to a Tuesday filing with the Shenzhen bourse.
Shares of the securities company rose 5% in recent trade.
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.