<Result first take>Huatai (6886 HK, BUY): FY21 net profit posted +25% y-o-y and in-line our/consensus forecast What's new: Huatai Securities (6886 HK, BUY) announced FY21 result which posted net profits of Rmb13.9bn, up 25% y-o-y, representing 98%/98% of ours/consensus FY21F earnings estimate. Our views: The in-line earnings was primarily driven by the higher-than-peers margin financial business, which […]

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