研报掘金丨国泰君安：予方正证券“增持”评级，目标价9.57元

港股那点事07-01

格隆汇7月1日｜国泰君安研报指出，方正证券(601901.SH)是以财富管理为核的大中型券商，随着历史包袱陆续卸下，基本面进入上升通道，预计未来盈利能力相对同业仍将持续占优。给予公司目标价9.57元，给予“增持”评级。自2022年恢复证券公司债发行以来，公司以“做大利润、提升价值”为导向，杠杆率逐步从21年末的3.4x修复至24Q1的4.3x，两融业务修复失地、自营业务持续加码。当前主要矛盾逐渐...

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