West China SecuritiesPosted on March 20Research reportsay, maintainEastern Fortune(300059.SZ) Buy rating. The reasons for the rating mainly include: 1)fundAgency sales revenue (financial e-commerce services) was 5.07 billion yuan, a year-on-year increase of 71%,Fund salesThe amount exceeded 2.2 trillion yuan, and the market share of funds held by the fund increased significantly; 2) The net income from handling fees and commissions was 5.37 billion yuan, a year-on-year increase of 56%,securitiesThe market share of transactions continued to increase; 3) The market share of financing business continued to increase,convertible bondsConvert stockContinue to create capital conditions for financing business; 4) The scale of financial asset investment has increased significantly to 47.7 billion yuan, of which bond allocation accounts for nearly 80%; 5) R&D investment has increased by 91% to 720 million yuan. Risk warning: shrinking market transactions, less-than-expected increase in the company’s market share, and fierce competition in the fund sales market.
AI comments:Eastern Fortune4 copies in the past monthbrokerageThe research report pays attention and buys 4 companies.
(Article source: Daily Economic News)
Article source: Daily Economic News
Responsible editor: 91
Original title: Huaxi Securities maintains the buy rating of Orient Fortune: The high performance is in line with expectations, and fund sales and R&D investment are bright spots
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