UBS: Raises target price of CITIC Securities (06030.HK) to HK$37.64, maintains "buy" rating.

Wisdom Financial APP learned that Credit Suisse released a research report stating that CITIC Securities (06030.HK) had a net profit of 13.7 billion RMB in the first half of this year, a year-on-year increase of 30%, reaching 54% of the market's expected forecast for the 2025 fiscal year. It also believes that CITIC Securities has the largest stock ETF scale and will significantly benefit from the structural growth of ETFs. The bank has raised CITIC Securities' target price from 29.6 Hong Kong dollars to 37.64 Hong Kong dollars, maintaining a "buy" rating.