Investment Banking and Brokerage

HTSC

Huatai Securities Announces Issuance of 8 Billion Yuan Short-term Corporate Bond

Huatai Securities Raises Target Price for Standard Chartered to HKD 242.24

Huatai Securities Raises 2026 Earnings Forecast and Rating for China Merchants Securities

Huatai Securities reports 15% YoY profit growth in Q1 2026

HTSC released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 10.88 B (forecast CNY 9.017 B), actual EPS CNY 0 (forecast CNY 0.4843)

HTSC to Release FY2026 Q1 Earnings on April 29 During-Market (BJT), Forecast Revenue CNY 9.699 B, EPS CNY 0.4843

Huatai Securities Maintains Buy Rating on BoTaitec (Shanghai) H-Share

Huatai Securities Seeks to Enter Japanese Securities Business

Huatai Securities Announces Annual Profit and Final Dividend

Huatai Securities Announces Revenue and Net Profit Growth in 2025 and Dividend Plan

HTSC released FY2025 Q4 earnings on March 30 Pre-Market (BJT), actual revenue CNY 9.69 B (forecast CNY 11.67 B), actual EPS CNY 0.3808 (forecast CNY 0.4318)

HTSC released FY2025 Annual Earnings on March 30 Pre-Market (BJT), actual revenue CNY 36.12 B (forecast CNY 43.06 B), actual EPS CNY 1.7276 (forecast CNY 1.8545)

Huatai Securities Maintains Buy Rating for Harbin Electric with Target Price of HKD 29.15

Huatai AMC's Gaoxin Intelligent Manufacturing Zone B District Asset-Backed Special Plan Project Status Updated to Accepted

HTSC to Release FY2025 Earnings on March 30 Pre-Market (BJT), Forecast Revenue CNY 43.06 B, EPS CNY 1.8545

Huatai Securities Establishes Bidirectional Research Strategic Cooperation with Vietnamese SSI Securities

Huatai Securities Establishes Research Report Strategic Cooperation with Vietnam's SSI

Huatai Securities Issued 310 Million US Dollars Medium-term Notes

Huatai Securities Downgrades NetEase Cloud Music's 2026 Net Profit Forecast and Adjusts Target Price

Huatai Securities Successfully Issued HKD 10 Billion Zero-Coupon Convertible Bonds

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Huatai Securities reported strong investment performance for CMSCin 1Q26, with operating revenue of RMB6.973 billion (up 47.96% YoY) and net profit of RMB3.271 billion (up 41.73% YoY). The company raised its net interest income forecasts but lowered investment-related income estimates due to geopolitical risks. Revised net profit forecasts for 2026-2028 are RMB14.3 billion, RMB16.1 billion, and RMB17.2 billion, down 2-3% from previous estimates. Huatai set target prices at RMB25.29 for A-shares and HKD21.18 for H-shares, maintaining a Buy rating.

AASTOCKS News

CMSC

Huatai Securities Co., Ltd. GDR Class A RegS

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Huatai Securities: CMSC  1Q26 Investment Performance Strong; Cuts Net Profit Forecast

Huatai Securities has lowered its target price for EASTROCfrom HKD284.07 to HKD259.53 and reduced its earnings forecasts for 2026-2028 by 3-4%. Despite a strong revenue growth of 21.5% YoY in 1Q26, the company faces increased competition in niche segments. The report maintains a Buy rating, highlighting improved profitability and healthy channel inventory, while noting a rise in contract liabilities to RMB4.9 billion. EPS forecasts for 2026-2028 are set at RMB10.11, RMB11.48, and RMB12.74.

EASTROC

EASTROC BEVERAGE

TSINGTAO BREW

Tsingtao Brewery

Huatai Securities Cuts EASTROC  TP to HKD259.53, Lowers Earnings Forecast

Huatai Securities' April 27 strategy report indicates that Hong Kong stock sentiment has returned to neutral. Factors like the fluctuating Middle East situation have dampened expectations for overseas liquidity easing, limiting upward potential. The report emphasizes structural adjustments, recommending allocations focused on cash flow certainty, such as cyclical products and low-volatility dividend stocks, and industry certainty, particularly in the AI sector. Investors with a high-risk appetite may consider investing in leading cloud and large model companies.

CoinLive

STOCKS | Huatai Securities: Hong Kong Stock Sentiment Neutral, Structural Focus Recommended

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According to a Huatai Securities research report, the average national pig price has fallen to 8.7 yuan per kilogram, marking a new low since 2008 and resulting in an average loss of approximately 450 yuan per head for self-breeding and self-raising operations. The industry is facing deep cash flow losses, with the reduction of breeding sows already underway. It is expected that piglet supply will remain high from Q2 to Q3 2026. Industry losses and capital consumption are likely to continue, and non-linear capacity reduction could occur at any time. The report reiterates its recommendation for the pig farming sector

Wallstreetcn

New Hope

MUYUAN

WENS

DBN Group

Guotai CSI Animal Husbandry ETF

Fullgoal CSI Agriculture Theme ETF

Ping An CSI Animal Husbandry ETF

China Merchants CSI Animal Husbandry ETF

HTSC: Livestock Capacity Reduction Has Begun; Reiterates Recommendation for Pig Farming Sector

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In early trading, the large financial sector rose, with NANHUA FUTURES hitting the daily limit, CITIC SEC rising over 8%, and EASTMONEY, HTSC, INDUSTRIAL SECURITIES, GF SEC, Yinzhijie, and ROYALFLUSH INFO gaining over 5%. The lithium battery supply chain rallied with volatility, with GOTION and Xinyuren hitting the daily limit, while Canmax Technologies, Great Power, Desay Battery, NARADA, and Dynanonic followed suit

- On April 10, A-shares opened high with the Shanghai Composite Index recovering above 4000 points, while the ChiNext Index gained over 2%, led by strong performances in the battery, brokerage, and semiconductor sectors.  
- Hong Kong stocks also rose, with the Hang Seng Index increasing by over 2%, particularly driven by a rebound in tech stocks.  
- In the bond market, government bond futures showed mixed performance, while commodity futures displayed varied results, with some metals and lithium carbonate prices rising.

CITIC SEC

Desay Battery

NARADA

CITIC Securities Co., Ltd.

GF SEC

Canmax Technologies

NANHUA FUTURES

GOTION

ROYALFLUSH INFO

EASTMONEY

INDUSTRIAL SECURITIES

Xinyuren

Great Power

Shanghai Composite Index recovers 4,000-point mark, ChiNext rises over 2%, brokerages explode, lithium battery supply chain rallies, HSTECH rises over 2%, tech stocks rebound

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Huatai Securities has maintained a Buy rating on PATEO CONNECT Technology (Shanghai) Corporation Class H (2889), setting a price target of HK$196.98. The overall analyst consensus suggests a Moderate Buy rating with an average price target of HK$198.49.

Tip Ranks

PATEO

Huatai Securities Keeps Their Buy Rating on PATEO CONNECT Technology (Shanghai) Corporation Class H (2889)

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HTSC expects that the leading nuclear power stocks will welcome a triple benefit of profit recovery, accelerated growth, and valuation enhancement after 2026. Against the backdrop of energy transition and security, the importance of nuclear power is highlighted, and the rebound in coal prices, the rise in carbon prices, and the introduction of electricity pricing policies will alleviate market concerns about the price reduction of nuclear power

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SDHT

HTSC: It is expected that the leading nuclear power stocks will successively welcome three benefits: profit recovery, accelerated growth, and valuation enhancement

Huatai Securities has outlined its A-share strategy amid ongoing market volatility due to Middle East tensions and pre-Qingming Festival risk aversion. The A-share sentiment index is in the 'panic' range, with profit-taking observed in sectors like power and new energy. Conversely, telecommunications and innovative pharmaceuticals performed well. Investors are advised to avoid unilateral bets until geopolitical clarity emerges and to maintain a defensive stance with low-correlation assets. Short-term focus should be on dividends and AI computing, while medium-term opportunities lie in the power sector.

STOCKS | Huatai Securities Highlights A-Share Strategy Amid Middle East Tensions

HTSC(601688.SH)

Huatai Securities: CMSC 1Q26 Investment Performance Strong; Cuts Net Profit Forecast