China Galaxy Securities (HKG:6881) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥10.4b (up 13% from 2Q 2023).
- Net income: CN¥2.76b (up 19% from 2Q 2023).
- Profit margin: 27% (up from 25% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.24.
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Galaxy Securities Earnings Insights
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Capital Markets industry in Hong Kong.
Performance of the Hong Kong Capital Markets industry.
The company's shares are up 7.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for China Galaxy Securities (1 is concerning!) that you need to take into consideration.
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