Guotai Junan Securities Co., Ltd. Class H (HK:2611)
:2611
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Guotai Junan Securities Co., Ltd. Class H
(2611)
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Rating:69Neutral
Price Target:
HK$14.50
â–¼(-3.65% Downside)
Action:ReiteratedDate:04/28/26
The score is driven primarily by solid operating profitability and a strong TTM cash-flow rebound, supported by an attractive valuation (low P/E and ~3.5% yield). These positives are tempered by a materially higher leverage profile and weak technical trend signals (price below key moving averages and negative MACD), which raise risk and limit the overall rating.
Positive Factors
Diversified business model
Guotai Junan operates across brokerage, wealth management, investment banking, trading/market-making and asset management. This multi-line model spreads revenue sources across cyclical capital markets activities, providing structural resilience and multiple fee/capital channels over 2–6 months.
Negative Factors
Elevated leverage
A sustained debt-to-equity around 3x materially increases funding, liquidity and regulatory sensitivity for a securities firm. High leverage reduces balance sheet flexibility, raises refinancing and interest-rate risk, and magnifies downside in market stress over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Guotai Junan operates across brokerage, wealth management, investment banking, trading/market-making and asset management. This multi-line model spreads revenue sources across cyclical capital markets activities, providing structural resilience and multiple fee/capital channels over 2–6 months.
Read all positive factors
Guotai Junan Securities Co., Ltd. Class H (2611) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$308.37B
Dividend Yield2.75%
Average Volume (3M)12.25M
Price to Earnings (P/E)8.2
Beta (1Y)0.30
Revenue Growth91.20%
EPS Growth30.16%
CountryHK
Employees14,523
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)N/A
Shares Outstanding3,505,759,800
10 Day Avg. Volume17,720,422
30 Day Avg. Volume12,246,649
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)0.73
Price to Sales (P/S)2.58
P/FCF Ratio-5.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$12.20Price Target Upside-18.94% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Guotai Junan Securities Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Guotai Junan Securities Co., Ltd. Class H (2611) is a leading comprehensive securities company based in China, engaged in providing a wide range of financial services. The company operates across various sectors including brokerage, wealth managem...
How the Company Makes Money
Guotai Junan Securities generally earns revenue from multiple fee- and trading-based lines of business:
1) Brokerage and wealth management fees: The company generates commissions and fee income by executing client trades in stocks and other secur...
Guotai Junan Securities Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
57
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.20B | 91.17B | 42.35B | 48.60B | 45.54B | 52.41B |
| Gross Profit | 76.57B | 71.36B | 42.35B | 35.76B | 34.72B | 42.25B |
| EBITDA | 44.98B | 58.63B | 0.00 | 13.55B | 15.35B | 20.25B |
| Net Income | 21.75B | 27.09B | 13.02B | 9.37B | 11.51B | 15.01B |
Balance Sheet | ||||||
| Total Assets | 2.26T | 2.12T | 1.05T | 925.40B | 860.69B | 791.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.67T | 795.85B | 883.49B | 326.54B | 343.07B | 339.64B |
| Total Debt | 520.12B | 993.40B | 198.28B | 179.18B | 166.79B | 191.18B |
| Total Liabilities | 1.91T | 1.78T | 870.27B | 752.02B | 696.86B | 640.64B |
| Stockholders Equity | 336.42B | 320.58B | 170.78B | 166.97B | 157.70B | 147.12B |
Cash Flow | ||||||
| Free Cash Flow | 82.54B | -44.35B | 54.95B | 6.04B | 48.95B | 9.51B |
| Operating Cash Flow | 84.20B | -42.75B | 56.11B | 7.20B | 50.73B | 10.37B |
| Investing Cash Flow | -11.12B | 180.63B | -22.66B | -26.26B | -11.52B | -33.72B |
| Financing Cash Flow | 68.89B | 70.82B | 7.51B | 5.94B | -34.64B | 28.44B |
Guotai Junan Securities Co., Ltd. Class H Technical Analysis
Neutral
15.05
Price Trends
15.35
Negative
15.93
Negative
15.83
Negative
Market Momentum
-0.20
Negative
51.49
Neutral
73.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2611, the sentiment is Neutral. The current price of 15.05 is above the 20-day moving average (MA) of 14.01, below the 50-day MA of 15.35, and below the 200-day MA of 15.83, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 73.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2611.
Guotai Junan Securities Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$308.37B | 8.17 | 6.85% | 2.75% | 91.20% | 30.16% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$446.07B | 7.80 | 11.53% | 2.05% | 48.94% | 36.64% | |
61 Neutral | HK$152.65B | 6.68 | 9.03% | 0.97% | 9.11% | 72.37% | |
59 Neutral | HK$148.32B | 9.05 | 9.55% | 3.83% | 38.36% | 19.98% | |
57 Neutral | HK$183.67B | 9.77 | 8.46% | 2.92% | 28.52% | 6.24% | |
53 Neutral | HK$173.54B | 10.86 | 10.70% | 2.80% | 6.79% | 30.90% |
* Financial Sector Average
HK:2611
Guotai Junan Securities Co., Ltd. Class H
13.60
2.92
27.34%
HK:6030
CITIC Securities Co
28.26
9.47
50.38%
HK:3908
China International Capital
20.86
7.66
58.01%
HK:6886
Huatai Securities Co
16.55
5.44
48.90%
HK:6099
China Merchants Securities Co., Ltd. Class H
13.83
2.47
21.80%
HK:6066
CSC Financial Co., Ltd. Class H
11.16
2.66
31.34%
Guotai Junan Securities Co., Ltd. Class H Corporate Events
Guotai Haitong Securities Launches 2026 Plan to Boost Value, Efficiency and Client Services
Apr 24, 2026
Guotai Haitong Securities has unveiled its 2026 Corporate Value and Return Enhancement Action Plan, aligning with national directives to strengthen capital-market development and investor orientation. Building on its post-merger scale, which put i...
Guotai Haitong to Cancel Treasury A Shares and Cut Registered Capital
Apr 24, 2026
Guotai Haitong Securities, now part of Guotai Junan Securities, has inherited 47,786,169 A-share treasury shares from Haitong Securities’ 2023–2024 repurchase programme, equal to 0.2711% of its total share capital as of 31 March 2026. ...
Guotai Haitong Securities Releases Unaudited Q1 2026 Report, Emphasizes Disclosure Accountability
Apr 24, 2026
Guotai Haitong Securities Co., Ltd., a PRC-based securities firm listed in Hong Kong, disclosed its unaudited first quarterly report for 2026 prepared under China Accounting Standards for Business Enterprises. The announcement confirms that the bo...
Guotai Haitong Securities Revamps Board Secretariat and Wins Listing Rules Waiver
Apr 24, 2026
Guotai Haitong Securities announced changes to its senior corporate governance roles, with Nie Xiaogang stepping down as board secretary, joint company secretary, authorised representative and ESS authorised person due to work arrangements, while ...
Guotai Haitong Securities Sets Board Meeting to Review Q1 2026 Results
Apr 10, 2026
Guotai Haitong Securities Co., Ltd., a Hong Kong-listed Chinese securities firm, offers brokerage, investment banking and asset management services to domestic and overseas investors. Its diversified financial services platform positions it as a s...
Guotai Haitong Securities Calls 2025 AGM, Seeks Fresh Share Issue Mandate
Apr 8, 2026
Guotai Haitong Securities Co., Ltd. has convened its 2025 annual general meeting for 30 April 2026 in Shanghai, where shareholders will review the board’s work report, the 2025 annual report, profit distribution proposals, and the independen...
Guotai Haitong Securities Sets 2025 Final Dividend and Tax Terms for H-Share Investors
Apr 8, 2026
Guotai Haitong Securities Co., Ltd. has declared a final ordinary dividend of RMB 3.5 per 10 shares for the financial year ended 31 December 2025, with shareholders able to receive payment in Hong Kong dollars or renminbi. The dividend plan, appro...
Guotai Haitong Securities Announces 2025 Final Dividend and Tax Terms for H-Share Investors
Mar 27, 2026
Guotai Haitong Securities Co., Ltd. has proposed a final ordinary dividend of RMB 3.5 per 10 shares for the financial year ended 31 December 2025, with Hong Kong shareholders to receive payment in Hong Kong dollars or renminbi, subject to sharehol...
Guotai Haitong Securities Sets Out Full Board and Committee Line-up
Mar 27, 2026
Guotai Haitong Securities Co., Ltd. has announced the composition of its board of directors, which includes three executive directors, a group of non-executive and one employee director, and six independent non-executive directors. The company als...
Guotai Haitong Securities Unveils 2025 Results and Nearly RMB10 Billion Shareholder Payout Plan
Mar 27, 2026
Guotai Haitong Securities Co., Ltd., a Shanghai-based securities firm listed on the Hong Kong Stock Exchange, has released its audited annual results for the year ended 31 December 2025, with financial statements prepared under both China Accounti...
Guotai Haitong Securities Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 13, 2026
Guotai Haitong Securities Co., Ltd. has announced that its board of directors will convene on 27 March 2026 to review and approve the annual results for the year ended 31 December 2025. At the same meeting, the board will also consider whether to ...
Guotai Haitong Plays Down Impact of Hong Kong Probe Into Subsidiary
Mar 12, 2026
Guotai Haitong Securities said regulators in Hong Kong have searched the offices of its listed subsidiary Guotai Junan International and taken an employee away to assist in an investigation by the Securities and Futures Commission and the Independ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.