Market Movers

China Merchants Securities’s Stock Price Skyrockets to 13.60 HKD, Registering a Whopping +17.85% Uptick

By October 18, 2024 No Comments

China Merchants Securities (6099)

13.60 HKD +2.06 (+17.85%) Volume: 188.31M

China Merchants Securities’s stock price soars to 13.60 HKD, marking a remarkable trading session with a +17.85% increase and a trading volume of 188.31M, underlining its strong performance with a year-to-date percentage change of +112.83%.


Latest developments on China Merchants Securities

China Merchants Securities Co Ltd (H) is set to review its third quarter financial results, which has sparked investor interest and anticipation in the stock market. The company’s positive outlook is further bolstered by CMS broadly lifting price targets for autos, particularly recommending stocks such as GEELY, BYD, FUYAO, and LI AUTO. This news has had a significant impact on the stock price movements of China Merchants Securities Co Ltd (H) today, with investors closely monitoring the developments in the market.


A look at China Merchants Securities Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Merchants Securities Co Ltd (H) is showing promising signs for long-term growth and resilience, according to Smartkarma Smart Scores. With strong scores in Growth, Resilience, and Momentum, the company is positioned well to continue expanding its securities services and investment management offerings. While the Value and Dividend scores are average, the higher scores in key areas suggest a positive outlook for the company’s future performance.

China Merchants Securities Co Ltd (H) is a securities firm that provides a range of services including brokerage, investment consulting, underwriting, and investment management. With solid scores in Growth, Resilience, and Momentum, the company appears to be on a path towards sustained success in the securities industry. While the Value and Dividend scores are not as high, the overall outlook for China Merchants Securities Co Ltd (H) remains optimistic based on the Smartkarma Smart Scores.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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