Earnings Alerts

Haitong Securities Co Ltd (A) (600837) Earnings Plummet 70-76% in Preliminary 1H Report: Net Income Falls to 919 Million – 1.17 Billion Yuan

  • Haitong Securities preliminarily reports a significant drop in net income for the first half of 2024.
  • Net income is estimated to be down by 70% to 76%.
  • Preliminary net income range is between 919 million yuan and 1.17 billion yuan.
  • Current analyst ratings for Haitong Securities include 3 buys, 8 holds, and 3 sells.

A look at Haitong Securities Co Ltd (A) Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.6

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

Based on the Smartkarma Smart Scores assessment, Haitong Securities Co Ltd (A) demonstrates a promising long-term outlook. With a top score in Value and a solid score in Dividend, the company is positioned well for sustainable growth. Additionally, its strong Momentum score indicates positive market performance and investor interest, further bolstering its outlook. While Growth and Resilience scores are slightly lower, the overall rating suggests a favorable future for Haitong Securities Co Ltd (A).

Haitong Securities Co Ltd (A) offers a range of securities services, focusing on online brokerage, wealth management, and institutional investors. With a strong emphasis on value and dividends, the company is well-positioned to attract investors seeking stability and growth potential. The combination of high Value and Momentum scores indicates a solid foundation for long-term success in the securities market, making Haitong Securities Co Ltd (A) a compelling choice for investors looking for promising returns.


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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