港股異動丨中資券商股普漲 資本市場改革不斷深入 券商業務範圍將不斷拓寬
格隆匯11月5日丨中資券商股普漲,其中中國銀河(6881.HK)漲超5%,中信證券(6030.HK)、廣發證券(1776.HK)和華泰證券(6886.HK)均漲約3%。愛建證券指出,前三季度,受益於行情回暖,市場整體交投情緒比較活躍,券商業績總體表現良好。行業馬太效應更顯著,頭部券商相較而言擁有更好的客户積累、資本實力、研發團隊等。從中長期來看,隨着資本市場改革不斷深入,多項改革政策陸續落地,券商業務範圍將不斷拓寬。天風證券表示,推動資本市場改革政策和流動性合理充裕是應對宏觀壓力的一大抓手,這對於券商估值的提升有着較長時間的積極影響。展望2020年,監管差異化的框架下,龍頭券商有望實現差異化的加槓桿,行業集中度將進一步提升,龍頭券商ROE將穩步提升。
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