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《大行報告》大摩料港交所(00388.HK)首季純利按年升3%至近27億元 維持「增持」評級
阿思達克 04-24 14:38
摩根士丹利發表報告,預期港交所(00388.HK)今年首季純利按年升3%至26.9億元,而且核心收入表現穩固,主因現金及衍生工具的交易量強勁,其中現金日均交易量料按年上升19%及按季上升56%至1,210億元。

該行表示,港交所今年首季的互聯互通南向及北向交易量,亦料可達推出以來的新高,按年及按季增長約90%,至於期貨及期權交易則預期按年上升9%及按季升38%,因此該行估計集團首季的交易費收入可按年增長17%。另外,由於更受惠於現金市場,其清算收入亦料按年上升約30%。

大摩維持對港交所的「增持」評級,目標價270元。該行指,港交所股份年初至今表現跑贏恆指12%,雖然未來數月的交易量可能會波動,部分新股或推遲上市,MSCI的A股期貨也可能延遲推出,但對集團長期展望仍然看好,相信穩定的內地金融市場,可改善投資者對中國金融系統的信心,而港交所料仍為資金流增長的主要受惠者。

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