- Huatai Securities’ net income for the first half of 2024 was 5.31 billion yuan, a 19% decrease compared to the same period last year, which was 6.56 billion yuan.
- Total revenue for the same period was 17.4 billion yuan, marking a 5.4% decrease from the previous year.
- The interim dividend per share was declared at 15 RMB cents.
- Net fee and commission income came in at 6.46 billion yuan, down 14% year-over-year.
- Earnings per share (EPS) stood at 55 RMB cents, compared to 68 RMB cents last year.
- Analyst recommendations include 12 buys, 1 hold, and no sell ratings.
- All comparisons to past results are based on the company’s original disclosures.
Huatai Securities Co Ltd (A) on Smartkarma
Analyst coverage of Huatai Securities Co Ltd (A) on Smartkarma reveals a positive sentiment from Janaghan Jeyakumar, CFA. In a recent report titled “Quiddity Leaderboard SSE50/180 Jun 24: US$2bn One-Way; LONGs up +9.8% Vs SHORTs in ~2 Months,” Janaghan estimates a significant turnover of approximately US$2bn. The report highlights that LONGs have outperformed SHORTs by 9.77% since March 12, 2024, reflecting a bullish outlook on the company. The analysis focuses on the performance of the 50 and 180 largest A-share stocks listed on the Shanghai Stock Exchange, providing insights into potential index changes during the June 2024 index rebal event.
In another report by Janaghan Jeyakumar, CFA, titled “Quiddity Leaderboard SSE50/180 Jun 24: Some New Trade Ideas,” a continued positive stance is observed regarding Huatai Securities Co Ltd (A). The analysis discusses expected index buying and selling figures, indicating a favorable flow expectation driven by an increase in passive AUM. With a projected 5 changes for SSE 50 and 18 changes for SSE 180, the report suggests potential opportunities for investment and trade strategies. These insights contribute to a comprehensive understanding of the market dynamics surrounding Huatai Securities Co Ltd (A) within the context of the Shanghai Stock Exchange.
A look at Huatai Securities Co Ltd (A) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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, Huatai Securities Co Ltd (A) is poised for a positive long-term outlook. The company has received high scores in Value and Dividend factors, indicating strong fundamentals and attractive dividend payouts. This reflects positively on the company’s financial stability and shareholder returns.
Although there are areas for improvement such as Resilience, where the company scored lower, the overall outlook remains promising with solid scores in Growth and Momentum. This suggests that Huatai Securities Co Ltd (A) has the potential for continued growth and positive market performance in the future.
### Summary: ###
Huatai Securities Co., Ltd. provides financial company. The Company provides securities brokerage services, research consulting services, investment banking and direct investment services, fixed-income services and asset management services.
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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