China Galaxy Securities (CGS) is the largest stock broker in China, holding a market share of 5.24%.
It has a trailing PE ratio of 4.84X, forward PE ratio of 4.19X and a dividend yield of 6.04%. Its market capitalization is $103 billion HKD.
It trades in HK exchange at a discount of 67% to the price in Shanghai.
I read that China Mobile will be raising capital in a large IPO in Shanghai soon. I expect (hope) that CGS will benefit from this IPO and that the share price will move up strongly.
I hold 50,000 shares at $4.21 HKD. I just bought another 50000 shares at $4.36.
Tan Kin Lian
Note - this is my speculation. It is not investment advice.