《大行報告》中金料港交所(00388.HK)次季盈利按年升10% 內地對中概股監管強化新經濟企業來港上市預期
中金髮表報告指,港交所(00388.HK)將於8月11日披露中期業績,該行預計公司今年第二季盈利按年上升10%/按季下跌15%至32.6億元。該行估計港交所次季總收入預料按年增長12%/按季下跌10%至53.3億元(剔除投資後主營收入按年上升21%/按季下跌15%至46.9億元)。該行對港交所股份評級爲「跑贏行業」,目標價611元。
中金錶示,港交所第二季盈利按年增速低於日均交易額(增33%),主因衍生品日均交易量按年下滑及投資收益受去年同期高基數影響。而上半年收入預料按年增長29%至113億元,盈利按年增長36%至71億元。
該行提到,近期小鵬汽車(09868.HK)雙重上市登陸港股引起市場關注。雙重上市需滿足港交所一般的上市要求,不享有二次上市190章節的豁免條款,但是滿足納入互聯互通的潛在要求。在二次上市公司入通尚未突破的背景下,此爲新經濟企業獲得南資金支持提供了新的參考路徑。港交所宣佈將推出全新FINI首次公開招程序,全面簡化及數字化香港IPO招股程序、將IPO結算同期由當前的T+5縮短至T+2等,最早於明年第四季實施。
中金認爲,FINI的推出有助於縮短新股定價與交易之前的週期,提升市效資金使用效率、及市場定價效率港交所通過持續的上市及交易制度優化,不斷提升市場的長期吸引力。此外,近日中辦、國辦關於加強中概股監管的發文進一步強化了市場對於新經濟企業港股上市的預期。(ek/w)
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