《大行报告》摩通升港交所(00388.HK)评级「增持」 目标价上调至545元
摩根大通发表报告表示,基於港交所(00388.HK)多年来每股盈利之高增长,将其评级由「中性」上调至「增持」,且目标价由500元升至545元,相当预测市盈率39.8倍,指现股价相当预测今明两年预测市盈率各35.7倍及29.3倍,料其2020年至2023年每股盈利复合增长率为29%。
该行指,港交所股价於过去数天由高位累积下调17%,对比同期恒指累跌5%,但相信调整令港交所估值处更吸引水平;又指上调印花税的影响轻微,估计量化基金的价格敏感性也不高,同时现金到掉期转换的影响很小。
摩通料港股2021年日均成交额(不计北向交易)预测为2,134.75亿元、料2022年日均成交额预测为为2,259.74亿元。
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