HK Stock Market Move | Guotai Haitong (02611) has jumped more than 6%, with Morgan Stanley pointing out that it is a major beneficiary of the Sci-Tech Innovation Board's rise.

Guotai Haitong (02611) rose more than 6%, as of the time of publication, up 5.87%, to HKD 14.42, with a transaction amount of HKD 3.46 billion. On the news front, a report from Morgan Stanley pointed out that Guotai Haitong's H-shares and A-shares rating was upgraded from "underweight" to "neutral" as the bank believes Guotai Haitong is one of the main beneficiaries of the recent momentum in the Sci-Tech board; secondly, benefiting from the increase in average daily trading volume and margin financing business in May, the industry fundamentals are improving; thirdly, considering the recent underperformance, current valuation seems reasonable, but still not attractive enough to give a "buy" rating. Based on the current operating trend, it is predicted that Guotai Haitong's revenue and profits in the second quarter of 2026 will achieve year-on-year growth of approximately 64% and 140% respectively, driven by enhanced investment returns and the low base effect in the second quarter of 2025. This growth momentum may surpass that of China's securities industry peers and should support short-term stock price performance.