Major ratingSmall Moy: GF Securities' preliminary performance in the first half of the year is strong and exceeds expectations, reaffirming it as the preferred stock in the industry.

JPMorgan Chase released a research report stating that China International Capital Corporation's preliminary performance in the first half of the year was strong and exceeded expectations, with a year-on-year increase in net profit of 79% to 102% in the second quarter, reaching a historical high. The bank pointed out that China International Capital Corporation has less exposure to A-share IPO joint investments and pre-IPO investments, which are more sensitive to market volatility. It believes that its strong business momentum is expected to continue into the second half of the year. Looking ahead, the bank expects that the market profit forecast adjustment for China International Capital Corporation will drive the stock price revaluation, as its earnings per share in the first half of the year reached 14% to 15%, significantly higher than the market's forecast of 9.8% for the full year. The bank reiterated its "Buy" rating for China International Capital Corporation, set a Hong Kong dollar 28.5 price target for its H shares, and reaffirmed it as the top pick in the industry.