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《大行报告》瑞信上调港交所(00388.HK)目标价至590元 评级「跑赢大市」
阿思达克 02-25 10:19
瑞信发表研究报告,指出2020财年整体收入及税後溢利均符合该行及市场预期,总营业额按年增长50%。去年第四季的税後溢利按年增长48%,按季减少13%;核心收入按年增长37%,按季跌7%。

该行指,股票印花税可能会损害高频流动性及削弱短期情绪,但由於程式/计量型投资者现时的参与水平较低,估计对每日平均成交量的负面影响不到10%。

该行对港交所2021及2022年的最新每日平均成交量预测分别为1,790亿及1,950亿元,反映每日平均成交量今年来的强势。2021及2022财年的纯利预测则分别上调13%及9.7%。目标价由原来的525元上调至590元,维持「跑赢大市」投资评级。

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