野村:維持港交所(0388.HK)513.2港元目標價 評級中性
野村發表研究報吿指,港交所(0388.HK)管理層對其與內地交易所比較下的優勢充滿信心,因為港交所在具有為國際機構投資者各內地投資者提供投資渠道的獨特地位;有利於國際投資者的監管環境;以及內地公司併購便利。同時,管理層認為,新經濟企業和生物科技企業市場仍有巨大潛力,港交所有足夠空間發揮作用。野村維持港交所目標價513.2港元,評級為中性。
野村表示,儘管港交所的MSCI產品目前面臨激烈的全球競爭,但管理層看到穩定的交易量和未平倉合約,並認為這是港交所的戰略步伐,因為這是其首次面對全球競爭,而集團期望採取措施以提高競爭力,措施包括增加MSCI產品的假期交易及交易時間、創造有競爭力的一站式生態系統,以及提高資本效率。
該行又指,集團管理層亦提到,正嘗試通過內部增長或併購形式去發展數據服務業務,因為集團的數據服務業務佔整體收入的比例較低。對於早前提高主板上市盈利規定,集團認為措施影響有限,而提高相關要求是為確保公司的質量發展。

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