BOCOM International maintains a Buy rating for CITIC SEC due to its strong earnings growth, with a net profit of RMB30.076 billion last year and continued growth in 1Q26. The company has shown significant revenue increases across all business segments and is expected to maintain its leadership position in the market, with projected net profits rising over the next three years. The broker believes the company's valuation has potential for recovery, prompting an increase in the target price to HKD32.
