Nomura: Maintain citic securities 'buy' rating, with the target price rising to HK$26.93

Nomura issued a research report maintaining CITIC Securities' "buy" rating, raising its earnings forecast for this year and next by 6.7% and 10.1%, and raising the target price from HK$25.65 to HK$26.93. According to the report, the company announced last year's profit forecast, profit increased by 54.2% year-on-year, of which operating income and operating profit increased by 40.8% and 56.6% year-on-year, respectively, which means that the operating profit in the fourth quarter of last year increased by 130.6% year-on-year, which is believed to be mainly driven by the reduction of loan provisions and the growth momentum of asset management/margin financing revenue. (Sina Finance)