《大行報告》花旗:港交所(00388.HK)增長有更多正面發展 評級「買入」
花旗報告指出,近日看到港交所(00388.HK)增長勢頭有更多正面發展,例如科創板有望納入滬股通北向交易,ETF料可納入股票互聯互通計劃,並為A股衍生品的推出重新燃起了希望,重申其評級「買入」,目標價333元。
該行指,中證監主席易會滿上周出席陸家嘴論壇表示,要為科創板建設出三招:納入滬股通、引入做市商、允許IPO老股轉讓等創新制度,並釋放科創板再融資重要訊號。創科板現時共有114隻股票,相等於5月至今上海成交額的6%,或整個A股市場的5%成交額。MSCI去年已確定會納入合資格的科創板股份,而北向資金交易是港交所主要增長動力之一,去年成交額已倍增,目前相當於A股成交的5%(相等於港股成交額30%至40%)。相信科創板的加入將進一步帶動已快速增長的北向交易業務。
此外,該行亦提到,特首林鄭月娥指政府已與內地相關合作夥伴開展大灣區發展計劃,包括致力推動ETF納入深股通。ETF現時佔香港市場成交額僅中單位數,相對於美國同業佔比達20%,一旦ETF被納入深股通,料未來成交額有不少上行空間。
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