BOCOM International: Raises CITIC SEC (06030) target price to HKD 32, maintains "buy" rating.

BOCOM INTL released a research report stating that it has raised the target price of CITIC SEC (06030) to 32 Hong Kong dollars and maintained a "buy" rating. The company updated its forecast for CITIC SEC for the years 2026-2028, expecting the company's leading position to remain stable in the next three years, with net profits attributable to shareholders reaching 37.5/40.5/44 billion yuan respectively. Since 2026, the company's stock price has bottomed out and rebounded, with the current increase compared to the beginning of the year. Overall, the company's performance in various businesses is leading in the current market environment, with potential for further upward valuation. In the first quarter of 2026, the company's net profit attributable to shareholders increased significantly by 55% year-on-year, with a continued optimization of business structure and significant performance improvements in major business segments such as securities brokerage, asset management, and investment banking compared to peers.