股市觀察 | 香港交易所等待新催化,看好MSCI A股期指和互聯互通擴容
彭博新聞社報道,香港交易所昨日披露的三季度業績增長強勁,但股價反映平淡。對此,銀河-聯昌表示,股價下跌或因日均成交已有市場預期,投資者正等待新的重大催化劑;MSCI A股指數期貨爲潛在催化劑之一,可能在明年上半年獲得監管批準。花旗則稱,互聯互通範圍擴大至科創板等舉措也有望獲得監管批準。
香港交易所昨日披露第三季淨利潤同比增52%之後,股價當天收跌4%。
銀河- 聯昌分析師Wong Chi Man等人在報告中表示,至於互聯互通範圍擴大至衍生品和IPO這一點,短期內不太可能獲得監管批準。
維持香港交易所增持評級和411.3港元的目標價。
花旗分析師Yafei Tian等人在報告中表示,據港交所行政總裁李小加稱,MSCI A股期貨、互聯互通範圍擴大至科創板和生物科技股等舉措有望近期獲得監管的批準。
互聯互通納入第二上市股票可能需要更多時間,因內地交易所希望吸引ADR境內上市。
香港交易所本週因價值輪動而回落,但花旗仍維持買進評級,預計未來幾年盈利增速在15%上下。
Jefferies分析師Shujin Chen等人在報告中表示,港交所未來面臨李小加離任等不確定因素。
隨着美國政府的改變,地緣政治緊張格局可能會緩和,中國ADR赴港二次上市的急迫需求或隨之減弱。
ADR轉換成港股,對港股成交的提振可能並不明顯。
網絡消費貸監管收緊、近期螞蟻集團IPO的撤回或阻礙金融科技公司上市步伐。
維持香港交易所持有評級。
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