大和:相信港交所(0388.HK)盈利前景繼續向好 升目標價至602港元
大和發表研究報吿指,港交所(0388.HK)去年純利按年增長23%至15億港元,反映集團具雄心的計劃已進入收穫階段,相信集團未來幾年的盈利前景將繼續向好。大和將港交所目標價由原來的447.1港元升至602港元,重申買入評級。
大和表示,港交所去年純利115億港元,與該行預期的115.8億港元相符,主要由於日均成交增長49%,以及各項互聯互通計劃啟動所致。該行留意到,香港已成為新經濟企業一個愈來愈重要的市場,滬深港通南向交易日均成交持續上升。如果香港成為一個真正的一級國際市場和內地主要離岸資本市場,將可實現2000億至3000億港元日均成交,全球資本市場的流動性相信亦能支持香港的日均成交達2000億至3000億港元。
該行將集團今年的日均成交額預測由1300億元上調至2300億港元,而明年的日均成交預測亦由1500億港元升至2600億港元,同時將今、明兩年的每股盈利預測上調約35%。

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