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《大行報告》大摩升港交所(00388.HK)目標價至600元 料今年可續跑贏大市
阿思達克 02-03 10:39
摩根士丹利發表報告,重申對交所(00388.HK)「增持」評級,上調對其目標價,由430元升至600元,此相當預測2022年預測市盈率35倍,指2021年以來港股日均成交額達2,430億元(對比2019年1,290億元),表現強勁,今年1月換手率已升至120%,該行決定上調對港股2021年至2023年換手率預測至介乎105%至125%,基於預期有更多北水南下流入港股。

該行指,基於對港股日均成交額較高預期,決定上調對港交所2021年至2022年每股盈利預測各13%及10%。

大摩料內地資金會持續流入港股,相信受惠內地居民財富增加及人民幣趨勢支持下,估計港交所今年股價將持續跑贏大市,料內地加速批准更多互惠基金銷售,相信會令相關資金更快流入港股。

該行稱值得注意的是,港股通南下資金年初至今的淨流入已經達到3,300億港元,相關交易額約佔香港總交易額的30%。鑑於以下情況,該行仍然預計資金流入會繼續保持,因在香港上市的股票更具吸引力、人民幣升值壓力令資金流動,以及該行對內地家庭金融資產強勁增長預期。

大摩料港股於2021年至2023年日均成交額預測各為1,990億、2,500億及3,130億元,估計港股2021年至2023年轉手率各為105%、115%及125%,對比2020年轉手率為82.1%。

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