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《大行報告》大摩升中資券商H股目標價平均11% 上調招商證券(06099.HK)評級至「增持」
阿思達克 12-04 14:24
摩根士丹利發表研究報告表示,展望明年宏觀經濟復甦,中資券商行業持續改革及整固,抱正面看法,預計支持券商股表現的利好因素將延續下去,將中資券商H股目標價平均上調11%。

報告指,下半年內地註冊制的IPO、沽空及債券發行均會增長,料明年將出台政策鼓勵資本市場及基金進行養老金投資。該行又預期,市場對退市、債券發行法規以及上市公司質量關注度提高,將提升行業風險管理和質量控制水平。該行認為,龍頭券商已佔據不少市場份額,合併案可能會逐漸消失,中型券商可藉此機會發展,惟行業整合步伐將平穩。

大摩看好招商證券(06099.HK),相信通過與互聯網公司合作,市場份額有潛在提升空間,而且與招行(03968.HK)有協同作用,將招商證券評級上調至「增持」,目標價升至14.64元,並將招商證券、東方財富(300059.SZ)、中金公司(03908.HK)及中信証券(06030.HK)列為行業首選。

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