野村料港交所(0388.HK)次季盈利下跌吁买入
野村发表研究报告指,港交所(0388.HK)在市况转弱下,料第二季盈利将按季下跌11%,按年则降6%。该行相信,即使市场波动,惟港交所长远改善市场流动性目标未有改变,维持予“买入”评级,基于公司股息所计算的目标价由309.09港元略降0.3%至309港元。

报告表示,今年第二季股市市场动力转弱,恆指下跌1%,该行预期港交所淨投资收益亦会按季录跌幅。另一方面,港交所南向交易表现偏软而北向交易维持强劲,上市活动改善,LME交易量则按年下跌12%。
野村将公司今明财年的淨利润调低5%及2%,主要反映本财年至2021财年的日均交易额分别跌8%、6%及6%,不过同时将首次上市费用及淨投资收益预测调高。该行又将今年至2021财年的经营支出预测下调,相信会大致维持其成本与收入比例。
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