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M Stanley Expects GF Securities (01776.HK) Share Price to Have Over 80% Chance of Rising in Next 30 Days
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Morgan Stanley published a report expecting GF Securities (01776.HK) to see its share price rise within the next 30 days, with a probability of over 80%. The main reason is that the recent pullback in the share price has made short-term valuation more attractive. The bank believes GF Securities can continue to increase its market share in the asset management business. Its recently strengthened capital base can also be rapidly deployed into derivatives businesses with higher ROE, capturing growing demand from institutional investors. The current market environment is favorable, with the average daily turnover of A shares and H shares remaining at elevated levels, while investment appetite for high-fee actively managed equity funds has also improved. Potential catalysts include a relaxation of leverage caps for leading brokers and the formal implementation of new detailed regulations on derivatives. M Stanley maintained an "Equalweight" rating on GF Securities, pending further clarity on whether the company can quickly transform its predominantly directional investment portfolio into a demand-driven derivatives business. (ha/a) 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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