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中金:港交所(0388.HK)股价波动性可能上升 评级维持“跑赢大市”
格隆汇 09-16 11:16

中金发表研究报告指,港交所(00388.HK)遭伦交所拒绝收购提约,虽然建议还没有正式结束及仍存不确定性,但相信提约完成的可能性十分低,主因考虑到以下三大因素:

1)尽管一般大型并购於初期遭拒绝是十分普遍,但伦交所态度十分坚决及已列出计划有多项根本性缺陷;2)伦交所于一个月内需举行股东大会,以就港交所的提约或是否继续收购Refinitiv进行投票,但伦交所管理层已宣布倾向拒绝提约;3)仍未确定港交所会否采取进一步行动,如提出一个更吸引的提约。

该行指虽然港交所短期营运相对稳定,但股价波动性可能上升。中金维持港交所“跑赢大市”评级,目标价294港元,意味着有22%上升空间及2020年度市盈率33倍。

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