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JPM Lifts CITIC SEC's TP to HKD29.6; 1Q Earnings Strongly Beat
2026-04-20 12:25:54
CITIC SEC (06030.HK) delivered preliminary results for 1Q26 that far exceeded market expectations, JPMorgan's research report said.

JPMorgan expects CITIC SEC's operating performance to outrun its peers', which could support its near-term share price performance. Meanwhile, data that shows the company gained market share in both the A-share and H-share IPO markets in April should ease investor concerns over its slow start at the beginning of this year.

The broker has kept a Neutral rating on CITIC SEC and lifted its target price from HKD25.3 to HKD29.6.
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