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Guotai Junan Securities Co., Ltd. Class H
(2611)
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Rating:73Outperform
Price Target:
HK$14.50
â–¼(-3.65% Downside)
Action:Upgraded
Date:08/28/26
The score is driven by attractive valuation (low P/E and solid dividend) and supportive technical momentum (price above key moving averages with positive MACD). Offsetting these positives, financial performance is tempered by materially higher leverage and uneven cash-flow history, which increases sensitivity to market and funding conditions.
Positive Factors
Strong profitability
Very strong TTM net and operating margins indicate substantial earnings capacity across the integrated securities platform. If profitability remains resilient through normal market cycles, the company can retain more capital, support investment in its franchises, and strengthen its competitive position.
Negative Factors
Materially higher leverage
The sharp increase in debt-to-equity materially reduces balance-sheet flexibility and makes the company more sensitive to funding conditions and market shocks. Higher gearing can constrain investment and capital allocation decisions while increasing the importance of stable financing access across the business cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Very strong TTM net and operating margins indicate substantial earnings capacity across the integrated securities platform. If profitability remains resilient through normal market cycles, the company can retain more capital, support investment in its franchises, and strengthen its competitive position.
Read all positive factors
Guotai Junan Securities Co., Ltd. Class H (2611) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$307.29B
Dividend Yield5.73%
Average Volume (3M)7.87M
Price to Earnings (P/E)8.3
Beta (1Y)0.93
Revenue Growth37.61%
EPS Growth-2.94%
CountryHK
Employees26,228
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)2.54
Shares Outstanding3,505,759,800
10 Day Avg. Volume6,163,631
30 Day Avg. Volume7,867,064
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)0.73
Price to Sales (P/S)2.58
P/FCF Ratio-5.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$20.24Price Target Upside34.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.28
Revenue Forecast (FY)HK$97.93B
Guotai Junan Securities Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Guotai Junan Securities Co., Ltd. is a comprehensive financial services provider delivering a broad spectrum of offerings to both individual and institutional clients across mainland China, Hong Kong, and internationally. Its operations are struct...
Guotai Junan Securities Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.00B | 91.17B | 42.35B | 48.60B | 45.54B | 52.41B |
| Gross Profit | 80.96B | 71.36B | 42.35B | 35.76B | 34.72B | 42.25B |
| EBITDA | 87.74B | 58.63B | 18.14B | 13.55B | 15.45B | 20.25B |
| Net Income | 37.72B | 27.09B | 13.02B | 9.37B | 11.51B | 15.01B |
Balance Sheet | ||||||
| Total Assets | 2.50T | 2.12T | 1.05T | 925.40B | 860.69B | 791.27B |
| Cash, Cash Equivalents and Short-Term Investments | 919.04B | 795.85B | 883.49B | 326.54B | 343.07B | 339.64B |
| Total Debt | 1.12T | 993.40B | 198.28B | 179.18B | 166.79B | 191.18B |
| Total Liabilities | 2.16T | 1.78T | 870.27B | 752.02B | 696.86B | 640.64B |
| Stockholders Equity | 330.99B | 320.58B | 170.78B | 166.97B | 157.70B | 147.12B |
Cash Flow | ||||||
| Free Cash Flow | 37.79B | -44.35B | 54.95B | 6.04B | 48.95B | 9.51B |
| Operating Cash Flow | 40.39B | -42.75B | 56.11B | 7.20B | 50.73B | 10.37B |
| Investing Cash Flow | 75.31B | 180.63B | -22.66B | -26.26B | -11.52B | -33.72B |
| Financing Cash Flow | 208.04B | 70.82B | 7.51B | 5.94B | -34.64B | 28.44B |
Guotai Junan Securities Co., Ltd. Class H Technical Analysis
Negative
15.05
Price Trends
14.53
Negative
14.48
Negative
14.43
Negative
Market Momentum
-0.41
Positive
30.81
Neutral
12.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2611, the sentiment is Negative. The current price of 15.05 is above the 20-day moving average (MA) of 13.96, above the 50-day MA of 14.53, and above the 200-day MA of 14.43, indicating a bearish trend. The MACD of -0.41 indicates Positive momentum. The RSI at 30.81 is Neutral, neither overbought nor oversold. The STOCH value of 12.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2611.
Guotai Junan Securities Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$307.29B | 8.30 | 10.01% | 5.73% | 37.61% | -2.94% | |
68 Neutral | HK$151.36B | 6.54 | 15.54% | 5.76% | 97.85% | 74.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | HK$170.74B | 7.55 | 10.67% | 4.54% | 123.03% | 20.90% | |
63 Neutral | HK$222.36B | 9.73 | 11.77% | 2.14% | 20.32% | 82.47% | |
61 Neutral | HK$417.31B | 9.88 | 12.77% | 3.97% | 101.98% | 67.41% | |
57 Neutral | HK$178.12B | 13.40 | 14.85% | 3.71% | 5.66% | 47.31% |
* Financial Sector Average
HK:2611
Guotai Junan Securities Co., Ltd. Class H
13.02
-1.11
-7.82%
HK:6030
CITIC Securities Co
19.88
-8.83
-30.76%
HK:3908
China International Capital
16.97
-3.80
-18.29%
HK:6886
Huatai Securities Co
14.72
-4.06
-21.63%
HK:6099
China Merchants Securities Co., Ltd. Class H
12.30
-2.65
-17.74%
HK:6066
CSC Financial Co., Ltd. Class H
10.29
-2.46
-19.32%
Guotai Junan Securities Co., Ltd. Class H Corporate Events
Guotai Haitong Securities Issues Unaudited Q3 2026 Report With Strengthened Disclosure Assurances
Oct 30, 2026
Guotai Haitong Securities Co., Ltd., a Hong Kong-listed Chinese securities company, has released its third quarter 2026 report prepared under China Accounting Standards for Business Enterprises. The announcement confirms that the financial stateme...
Guotai Haitong Securities Strengthens Risk Oversight with New Committee Appointment
Oct 30, 2026
Guotai Haitong Securities Co., Ltd., a Hong Kong-listed Chinese securities company, has a multi-tiered board that includes executive, non-executive, employee and independent non-executive directors, underscoring its emphasis on structured corporat...
Guotai Haitong Securities Updates Board Line-up and Committee Roles
Oct 30, 2026
Guotai Haitong Securities Co., Ltd., a Hong Kong-listed mainland Chinese securities firm, has disclosed the latest composition of its board of directors, including executive, non-executive, employee, and independent non-executive members. The anno...
Guotai Haitong Capital Launches RMB20 Billion Sci-Tech Fund with Strategic Partners
Oct 28, 2026
Guotai Haitong Capital, a wholly owned subsidiary of Guotai Haitong Securities, has received approval to establish the Shanghai Linghang Sci-Tech Fund as a limited partnership, together with ICBC Capital, SIG Asset Management and other investors. ...
Guotai Haitong Securities Sets Board Meeting to Approve Q3 2026 Results
Oct 16, 2026
Guotai Haitong Securities Co., Ltd. has scheduled a board meeting for 30 October 2026 to review and approve the unaudited consolidated results for the third quarter ended 30 September 2026.The announcement underscores the company’s regular f...
Guotai Haitong Securities Finalises Share Cancellations and Capital Reduction
Sep 30, 2026
Guotai Haitong Securities has completed the cancellation of 81,712 Restricted A Shares and 47,786,169 Treasury A Shares in line with previously approved incentive schemes and capital management authorisations, reducing its registered capital to RM...
Guotai Haitong Securities Announces 2026 Interim Results and RMB5.25 Billion Dividend
Aug 18, 2026
Guotai Haitong Securities Co., Ltd., a PRC-based joint stock securities company listed in Hong Kong, has released its unaudited interim results for the six months ended 30 June 2026, prepared in accordance with IAS 34 and reviewed by KPMG and the ...
Guotai Haitong Securities Declares Interim Dividend and Details Tax Treatment
Aug 18, 2026
Guotai Haitong Securities Co., Ltd. has declared an interim ordinary cash dividend for the six months ended 30 June 2026, set at RMB 3 per 10 shares, with payment to Hong Kong shareholders in HKD based on an exchange rate of RMB 1 to HKD 1.1558582...
Guotai Haitong Securities Accelerates Integration as Profits Hit Record Highs
Aug 18, 2026
Guotai Haitong Securities reported that its 2026 Corporate Value and Return Enhancement Action Plan has driven accelerated integration across the group, including the merger of asset management, alternative investment and private equity units, the...
Guotai Haitong Securities to Cancel Repurchased A Shares and Cut Share Capital
Aug 11, 2026
Guotai Haitong Securities Co., Ltd. is cancelling 47,786,169 repurchased A shares, equal to 0.2711% of its pre-cancellation share capital, reducing its total shares from 17,628,844,117 to 17,581,057,948. These shares, originally repurchased by for...
Guotai Haitong Securities Sets Board Meeting to Review Interim Results and Dividend Plan
Aug 4, 2026
Guotai Haitong Securities Co., Ltd., a Shanghai-based PRC joint stock securities firm listed in Hong Kong, provides securities and financial services through its subsidiaries to domestic and international clients. The company is governed by a mult...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.