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研報掘金丨中原證券:國元證券經紀業務基本盤穩固,維持“增持”評級
中原證券日前研報指出,國元證券(000728.SZ)上半年經紀業務淨收入雖然隨市小幅下滑,但代買、代銷收入行業排名穩中有升,經紀業務基本盤穩固;券商資管業務主動管理能力持續增強,集合資管規模實現快速增長推動資管總規模企穩回升,業務收入同步實現快速增長;權益自營踏準市場主線實現穩定收益,固收自營規模和收益創歷史新高,自營業務同比高增為公司業績逆市增長奠定堅實基礎。公司近年來整體經營業績的穩定性在中小券商中出類拔萃。預計公司2024、2025年EPS分別為0.47元、0.50元,BVPS分別為8.23元、8.56元,按10月10日收盤價8.46元計算,對應P/B分別為1.03倍、0.99倍,維持“增持”的投資評級。
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