- China Galaxy Securities reported a net income of 4.39 billion yuan for the first half of 2024, an 11% decline compared to the previous year.
- Revenue totaled 17.09 billion yuan, slightly down by 1.8% year-over-year.
- Earnings per share (EPS) were 35 RMB cents, lower than 43 RMB cents in the same period last year.
- The basic EPS also saw a decline, standing at 35 RMB cents compared to 45 RMB cents year-over-year.
- Net fee and commission income decreased by 7.6%, amounting to 3.04 billion yuan.
- Market sentiment includes 7 buy ratings, 4 hold ratings, and 1 sell rating for the company.
- All comparisons are based on values from the company’s original disclosures.
A look at China Galaxy Securities (H) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Galaxy Securities (H) is positioned favorably for long-term growth based on the Smartkarma Smart Scores. With top scores in Value, Dividend, Resilience, and Momentum, the company displays strong fundamentals and stability. A perfect score in Value signifies that the company is currently undervalued relative to its intrinsic worth, potentially indicating a lucrative opportunity for investors. Additionally, a top score in Resilience highlights the company’s ability to weather market uncertainties and economic downturns. These positive indicators suggest a promising outlook for China Galaxy Securities (H) in the long run.
While the Growth score is slightly lower, the overall outlook remains optimistic. China Galaxy Securities Co., Ltd. is a key player in providing securities services in China, offering a range of financial services such as securities underwriting, brokerage, and investment advisory. The company’s widespread presence throughout China enhances its market reach and potential for further expansion. With robust scores across critical factors, China Galaxy Securities (H) stands out as a compelling investment opportunity with strong long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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