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Investing.com - HSBC initiated coverage on Yuanta Financial Holding Co Ltd (TPE:2885) with a Buy rating and a price target of NT$42.00 on Wednesday.
The research firm highlighted Yuanta’s evolution from a pure brokerage house into a diversified financial platform with multiple revenue streams, positioning the company for more stable earnings across market cycles.
Yuanta maintains market leadership in securities while expanding its presence in asset management, margin financing, futures, and proprietary trading, according to HSBC’s analysis.
The financial group has established itself as Taiwan’s largest ETF issuer with TWD1.2 trillion in assets under management, representing a 31.7% market share that generates recurring fee income.
HSBC noted this structural shift toward fee-based and banking income helps cushion the cyclicality of Yuanta’s traditional brokerage business, potentially leading to more attractive long-term returns.
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