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Guotai Junan Securities Co., Ltd. Class H ( (HK:2611) ) just unveiled an announcement.
Guotai Junan Securities Co., Ltd., a joint stock company incorporated in China, has announced changes in its accounting policies. These changes are in response to new guidelines issued by the Ministry of Finance regarding the accounting treatment of standard warehouse receipt transactions. The company will now treat contracts related to the purchase and sale of these receipts as financial instruments, impacting how they recognize investment income and present unsold receipts as current assets. This shift aims to align with the updated financial reporting standards and could affect the company’s financial disclosures and stakeholder perceptions.
The most recent analyst rating on (HK:2611) stock is a Buy with a HK$14.61 price target. To see the full list of analyst forecasts on Guotai Junan Securities Co., Ltd. Class H stock, see the HK:2611 Stock Forecast page.
More about Guotai Junan Securities Co., Ltd. Class H
Average Trading Volume: 31,438,633
Technical Sentiment Signal: Buy
Current Market Cap: HK$380.9B
See more insights into 2611 stock on TipRanks’ Stock Analysis page.