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《大行報告》瑞銀降光大證券(06178.HK)評級至「沽售」目標價下調至5.5元
阿思達克 08-05 11:35

瑞銀發表報告指,隨中國證券市場加速開放及自由化,相信對於中國經紀而言,未來三年尤其關鍵,除零售經紀業務外,要將業務組合變為多元化。

對於光大證券(06178.HK)來說,該行認為公司聲譽有受到之前一項有關併購的訴訟所影響,相信股價反映收購MP & Silva Holding S.A.(擁有多項世界級體育賽事版權)的訴訟對公司財務帶來的負面因素,更認為該不利因素會長遠打擊公司聲譽及競爭力,而上述情況仍未反映於股價上。

該行預期,光大證券以收益計的市佔率由2018年的3.2%,跌至2021年的2.7%,下調其2019至2021年的盈利預測最多30%,以反映上述法律風險及市佔率下降,評級由「中性」降至「沽售」,目標價更由8.5元大幅削減至5.5元,降幅達35%。

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