- Haitong Securities reported a net income of 953.1 million yuan for the first half of 2024.
- Total revenue for the period amounted to 8.86 billion yuan.
- The company earned 3.50 billion yuan from net fee and commission income.
- Earnings per share (EPS) were recorded at 7.0 RMB cents.
- Analyst recommendations: 3 buys, 7 holds, and 4 sells.
A look at Haitong Securities Co Ltd (A) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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
Based on the Smartkarma Smart Scores, Haitong Securities Co Ltd (A) displays a promising long-term outlook. The company scores highly in Value and Momentum, indicating solid fundamentals and positive price trends. With a strong focus on online brokerage, wealth management, and institutional investors, Haitong Securities is positioned well to capitalize on market opportunities.
Despite facing some challenges in Growth and Resilience scores, the overall outlook for Haitong Securities Co Ltd (A) remains positive. Investors may find the company attractive for its high Value score, indicating a potential undervaluation compared to its peers. Additionally, the above-average Dividend score suggests a good income-generating opportunity for shareholders. In summary, with strong Value and Momentum factors, Haitong Securities Co Ltd (A) is well-placed for long-term growth and stability in the securities market.
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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