EB SECURITIES

Everbright Securities shares declined 0.65% to HK$7.60 today, with the stock opening weak at HK$7.58 before sliding through the morning session to HK$7.51, then reversing in the afternoon to close near intraday highs. The weakness contrasts with strong Q1 2026 earnings: net profit jumped 50.69% year-on-year to HK$1.32 billion, with EPS up 52.17% to HK$0.2608 and operating revenue climbing 31.84% to HK$3.27 billion. Yet sentiment remains cautious as the company navigates financing activities and acknowledged cash flow pressures. Valuationally, the stock has retreated 37.8% from its 52-week peak of HK$12.22 and 17% year-to-date from HK$9.16. Trading at just 7.6x P/E and 0.5x P/B, with a 4.21% dividend yield, it sits at a deep valuation discount—the company's newly declared 2025 final dividend of HK$0.174 per share confirms shareholder commitment, though recent capital-raising moves suggest management is focused on balance-sheet fortification amid ongoing expansion.

Everbright Securities declined 0.67% to close at 7.46 HKD today, primarily driven by persistent downward pressure since the beginning of the year combined with profit-taking activities. Morning trading opened strong at 7.56 HKD marking the session high, but subsequently weakened as afternoon sessions ranged between 7.37-7.46 HKD. From a fundamental perspective, the company delivered robust Q1 2026 results with net profit of HKD 1.32 billion (up 50.69% year-over-year) and operating revenue of HKD 3.275 billion (up 31.84% year-over-year). Despite strong earnings, the stock has posted an 18.56% decline year-to-date and fallen 38.95% from its 52-week peak of 12.22 HKD, trading at compressed valuations with P/E of 7.46 and P/B of 0.49. Meanwhile, thin market participation evidenced by a turnover rate of only 0.19% suggests investors remain cautious on the near-term outlook for the brokerage sector.

Everbright Securities edged down 0.27% today to close at HKD 7.51, reflecting modest profit-taking after prior rallies. The company posted robust Q1 2026 results with net profit of HKD 1.32 billion (+50.69% YoY), operating revenue of HKD 3.27 billion (+31.84% YoY), and EPS of HKD 0.2608 (+52.17% YoY). Yet the stock has declined 18.01% year-to-date and fallen 38.54% from its 52-week high of HKD 12.22 in August 2025. Valuation multiples remain depressed at a P/E of 7.51x and P/B of 0.49x, near multi-year lows. The company declared a 2025 final dividend of RMB 0.174 per share, yielding 4.26% at current levels. Technically, the stock is treading near its 20-day moving average of HKD 7.476 but remains below the 60-day MA of HKD 7.687, signaling an entrenched bearish bias. Market concerns over global growth revisions and domestic capital market volatility continue to pressure appetite for securities brokers despite strong earnings delivery.

Everbright Securities declined 1.44% to HK$7.53 today, extending losses from its 52-week high of HK$12.22 by a cumulative 38%. Despite strong fundamentals — Q1 2026 earnings per share surged 52.17% year-over-year to HK$0.2608, operating revenue jumped 31.84% to HK$3.28 billion, and net profit rose 50.69% to HK$1.32 billion — market sentiment remained cautious. Intraday action showed weakness, with the stock posting a morning high of HK$7.62 before retreating to HK$7.55, then sliding further in the afternoon to an intraday low of HK$7.45. The stock trades at depressed valuations with PE of 7.53 and PB of just 0.49, offering a 4.25% dividend yield, yet year-to-date losses stand at 17.79%. Market concerns over cash flow pressures combined with broader weakness in China growth equities appear to be driving profit-taking despite underlying earnings momentum.

Everbright Securities advanced 1.73% to HKD 7.64 today, extending gains after a strong morning session that pushed prices from HKD 7.51 to HKD 7.67, with intraday high reaching HKD 7.71 in the afternoon before a modest pullback. Trading volume totaled 1.84 million shares worth HKD 141.2 million, reflecting decent market participation. The rally is underpinned by impressive Q1 2026 results: operating revenue surged 31.84% year-over-year to HKD 3.275 billion, while net profit jumped 50.69% to HKD 1.322 billion, driving earnings-per-share growth of 52.17%. The company simultaneously signaled confidence by declaring a 2025 final dividend of RMB 0.174 per share (4.19% yield). Valuationally, the stock trades at just 7.64x PE and 0.50x PB, near historical lows, and has rebounded over 9% from the 52-week low of HKD 6.99 set last month despite a year-to-date decline of 16.59%. However, the stock remains 37.48% below its 52-week high of HKD 12.22, and sits below the 60-day moving average of HKD 7.70, while underlying cash flow pressures disclosed in recent guidance warrant caution.