UBS: Huatai Securities (06886.HK) is rated as "buy", with a 59% year-on-year increase in net profit in the first quarter.

According to the Securities Times APP, UBS released a research report stating that Huatai Securities (06886.HK) was rated as "buy". The company's net profit in the first quarter of this year increased by 59% year-on-year to 3.6 billion RMB, in line with industry growth of 50% to 60%. The bank pointed out that the reasons for the company's increase in net profit in the previous quarter were a 319% increase in interest income, a 47% increase in investment income, and a 43% increase in securities income.