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<Research> M Stanley Expects CICC (03908.HK) Shares to Have Over 80% Chance of Rising in Next 30 Days
Recommend 4 Positive 7 Negative 5 |
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M Stanley issued a report expressing its belief that CICC (03908.HK) shares have a greater than 80% probability of rising within the next 30 days. The main reason is that the recent pullback in the share price has made its short-term valuation more attractive. The broker believes CICC can continue to gain market share in A-share and H-share IPO underwriting, derivatives business, and fee-based wealth management. The current market environment is supportive, with average daily turnover in both A-shares and H-shares remaining at elevated levels, while IPO activity continues to recover. Potential catalysts include a relaxation of leverage caps for leading brokerages, the formal implementation of detailed regulations for new derivatives, and progress in mergers and acquisitions with small and mid-sized brokerages. (ha/j) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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