BOCOM International maintains a Buy rating for CITIC SEC due to its strong profit growth, with a projected net profit increase of 38.6% YoY in 2025 and continued robust performance in 1Q26. The company is expected to benefit from ongoing capital market reforms, enhancing its competitive advantages. The updated earnings outlook shows solid growth potential over the next three years, with significant revenue increases across various business segments, leading to a positive valuation outlook.
