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:58Neutral
Price Target:
HK$14.00
â–¼(-6.98% Downside)
Action:ReiteratedDate:03/29/26
The score is held back primarily by weakened financial quality—negative operating/free cash flow in 2025 and a sharp jump in total debt—despite strong profit and revenue growth. Technicals further weigh on the rating due to a clear downtrend and weak momentum, partially offset by oversold signals. Valuation is a key positive, supported by a low P/E and a solid dividend yield.
Positive Factors
Diversified business model
The firm's broad mix of brokerage, wealth management, investment banking, principal trading and asset management creates multiple fee and interest income streams. This structural diversification reduces single-market cyclicality and supports more stable long‑term revenue and client relationships across market cycles.
Negative Factors
Negative operating and free cash flow
A sharp reversal to negative operating and free cash flow signals weaker cash conversion of earnings and raises questions about earnings quality. Persistently negative cash generation forces reliance on external funding, complicates capital returns and constrains long‑term investment flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
The firm's broad mix of brokerage, wealth management, investment banking, principal trading and asset management creates multiple fee and interest income streams. This structural diversification reduces single-market cyclicality and supports more stable long‑term revenue and client relationships across market cycles.
Read all positive factors
Guotai Junan Securities Co., Ltd. Class H (2611) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$320.90B
Dividend Yield2.75%
Average Volume (3M)12.25M
Price to Earnings (P/E)8.7
Beta (1Y)0.27
Revenue Growth52.67%
EPS Growth121.43%
CountryHK
Employees14,523
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.47
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)1.8
Revenue Forecast (FY)HK$84.07B
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 primarily makes money by earning fees, commissions, and trading/investment income across several major business lines: (1) Brokerage and wealth management: It earns commission income from securities trading executed for cli...
Guotai Junan Securities Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 91.17B | 42.35B | 48.60B | 45.54B | 52.41B |
| Gross Profit | 71.36B | 42.35B | 35.76B | 34.72B | 42.25B |
| EBITDA | 58.63B | 0.00 | 13.55B | 15.35B | 20.25B |
| Net Income | 27.09B | 13.02B | 9.37B | 11.51B | 15.01B |
Balance Sheet | |||||
| Total Assets | 2.12T | 1.05T | 925.40B | 860.69B | 791.27B |
| Cash, Cash Equivalents and Short-Term Investments | 795.85B | 883.49B | 326.54B | 343.07B | 339.64B |
| Total Debt | 993.40B | 198.28B | 179.18B | 166.79B | 191.18B |
| Total Liabilities | 1.78T | 870.27B | 752.02B | 696.86B | 640.64B |
| Stockholders Equity | 320.58B | 170.78B | 166.97B | 157.70B | 147.12B |
Cash Flow | |||||
| Free Cash Flow | -44.35B | 54.95B | 6.04B | 48.95B | 9.51B |
| Operating Cash Flow | -42.75B | 56.11B | 7.20B | 50.73B | 10.37B |
| Investing Cash Flow | 180.63B | -22.66B | -26.26B | -11.52B | -33.72B |
| Financing Cash Flow | 70.82B | 7.51B | 5.94B | -34.64B | 28.44B |
Guotai Junan Securities Co., Ltd. Class H Technical Analysis
Negative
15.05
Price Trends
15.73
Negative
16.09
Negative
15.73
Negative
Market Momentum
-0.64
Negative
35.88
Neutral
30.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2611, the sentiment is Negative. The current price of 15.05 is above the 20-day moving average (MA) of 14.14, below the 50-day MA of 15.73, and below the 200-day MA of 15.73, indicating a bearish trend. The MACD of -0.64 indicates Negative momentum. The RSI at 35.88 is Neutral, neither overbought nor oversold. The STOCH value of 30.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$145.10B | 10.56 | 8.83% | 0.97% | 64.00% | 112.84% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | HK$432.08B | 12.45 | 10.28% | 2.05% | 62.72% | 29.18% | |
59 Neutral | HK$152.69B | 9.05 | 9.55% | 3.83% | 51.04% | 24.56% | |
58 Neutral | HK$320.90B | 8.69 | 8.71% | 2.75% | 52.67% | 121.43% | |
57 Neutral | HK$179.38B | 10.96 | 8.46% | 2.92% | 10.82% | 55.25% | |
53 Neutral | HK$174.89B | 9.66 | 10.70% | 2.80% | 36.57% | 77.14% |
* Financial Sector Average
HK:2611
Guotai Junan Securities Co., Ltd. Class H
14.02
4.30
44.24%
HK:6030
CITIC Securities Co
25.22
8.07
47.04%
HK:3908
China International Capital
17.22
4.51
35.52%
HK:6886
Huatai Securities Co
15.62
5.18
49.63%
HK:6099
China Merchants Securities Co., Ltd. Class H
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19.57%
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CSC Financial Co., Ltd. Class H
10.29
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27.19%
Guotai Junan Securities Co., Ltd. Class H Corporate Events
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...
Guotai Haitong Securities Forecasts Profit to More Than Double in 2025 on Merger Synergies
Jan 27, 2026
Guotai Haitong Securities expects a sharp rebound in 2025 performance, projecting net profit attributable to equity holders of between RMB27.53 billion and RMB28.01 billion, more than doubling last year’s RMB13.02 billion, and a 69–73%...
Guotai Haitong Securities Books RMB1.63 Billion in Asset Impairments for Late 2025
Jan 27, 2026
Guotai Haitong Securities Co., Ltd. has recognized significant asset impairment provisions for the period from October to December 2025 under China Accounting Standards for Business Enterprises, mainly relating to expected credit losses on long-te...
Guotai Haitong Securities Reports Poll Results and Strong Turnout at 2025 Second EGM
Dec 29, 2025
Guotai Haitong Securities Co., Ltd. held its second extraordinary general meeting of 2025 in Shanghai on 29 December, confirming that the meeting was convened in full compliance with PRC laws, regulations and the company’s Articles of Associ...
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.