JP Morgan: CICC (03908) First Quarter Performance Expected to Exceed Expectations, Reiterates Industry's Top Stock Choice.

J.P. Morgan released a research report stating that CICC (03908) is expected to have a year-on-year growth of 65 to 90% in net profit in the first quarter of this year, which is better than expected. They believe that the stock price will have a positive reaction. Looking ahead, JP Morgan expects that CICC's financial report will support its stock price to show strong performance in the short term. The progress and synergies brought about by CICC's merger with Dongxing and Cinda, along with the growth of overseas business and the recovery of institutional business, should further drive valuation revaluation. The bank reiterated its "overweight" rating on CICC and continues to list it as its preferred stock in the industry.